Bharat Forge Q2 profit rises 23% to ₹299 crore, board okays ₹2,000 crore fundraise

Total expenses increased to ₹3,627 crore in Q2 FY26 from ₹3,364 crore a year ago, mainly on account of higher raw material costs.

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Bharat Forge Ltd on Tuesday reported a consolidated profit attributable to owners of ₹299 crore for the quarter ended September 2025 (Q2 FY26), up 23 per cent year-on-year (YoY) from ₹243 crore in the same quarter last year.

The company’s revenue from operations rose 9 per cent YoY to ₹4,032 crore from ₹3,689 crore a year ago, supported by growth in its forgings and defence verticals. Sequentially, revenue grew 3 per cent from ₹3,909 crore in Q1 FY26, while profit increased 5 per cent from ₹284 crore in the previous quarter.

Total expenses increased to ₹3,627 crore in Q2 FY26 from ₹3,364 crore a year ago, mainly on account of higher raw material costs.

The forgings segment remained the largest contributor with ₹3,356 crore in revenue, followed by defence at ₹395 crore and others (including new businesses) at ₹588 crore.

The board approved raising up to ₹2,000 crore through term loans, non-convertible debentures, or other debt instruments, delegating the matter to the Investment Committee – Strategic Business for execution.

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