Engineering major Bharat Forge Ltd posted better-than-expected financial results for the quarter ended September 30, 2025 (Q2 FY26), with profit, revenue, and operating margins surpassing market estimates despite year-on-year weakness.
On a consolidated basis, the company’s net profit stood at Rs 299 crore, higher than estimates of Rs 236 crore, though it marked a 14% decline from Rs 361 crore recorded in the same quarter last year. Revenue came in at Rs 4,032 crore, also beating estimates of Rs 3,748 crore, but was down 13.3% year-on-year from Rs 4,246 crore.
EBITDA rose to Rs 726 crore, against estimates of Rs 612 crore, while EBITDA margin expanded to 18%, exceeding the 16.3% estimate, supported by better cost management and a favorable product mix.
On a standalone basis, the company reported profit after tax (PAT) at Rs 310 crore, compared to Rs 361 crore in Q2 FY25. Revenue stood at Rs 1,946.8 crore, down from Rs 2,246.7 crore, while EBITDA declined 12% year-on-year to Rs 511.2 crore. However, EBITDA margin improved 50 basis points to 28.3% from 27.8% a year earlier.
The company’s board has also approved raising up to Rs 200 crore through debt instruments to strengthen its financial position and support future growth initiatives.
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