Bharat Forge posted a strong set of numbers in Q3 FY26, reporting robust year-on-year growth in revenue and net profit despite a marginal dip in operating margins.
On a consolidated basis, revenue for the quarter rose 25% to Rs 4,343 crore compared with Rs 3,476 crore in the corresponding quarter last year. The growth reflects improved business momentum across segments during the period.
EBITDA increased 20% year-on-year to Rs 750 crore from Rs 624 crore. However, EBITDA margin came in at 17.3% versus 18% in Q3 FY25, marking a slight contraction of 70 basis points. The moderation in margin came even as operating profit improved in absolute terms.
Net profit climbed 28.2% to Rs 273 crore, up from Rs 213 crore in the year-ago quarter. The company stated that the quarter included a one-time cost of Rs 55.7 crore in Q3 FY26, which had an impact on overall profitability.
Overall, Bharat Forge’s Q3 results highlight solid revenue expansion and steady earnings growth on a year-on-year basis, with performance supported by higher operational scale, even as margins softened slightly due to cost pressures and the exceptional expense.