Bharat Forge’s board has greenlit raising up to ₹20,000 million through term loans or debentures. Mr. Laxmiprasad Jahagirdar is now Senior Management Personnel (SMP). The board also reviewed and approved the unaudited financial results for Q2 FY26. This decision was made during a board meeting held on November 11, 2025.
Fundraising Approval
The Board of Directors has granted in-principal approval to raise funds not exceeding ₹20,000 million. The funds will be raised through term loans, non-convertible debentures, or other debt instruments. The Investment Committee will handle strategic business decisions related to this fundraising effort.
Senior Management Appointment
Mr. Laxmiprasad Jahagirdar, previously President and COO Manufacturing Operations, has been designated as a Senior Management Personnel (SMP). This appointment is effective from November 11, 2025.
Financial Results
The board reviewed and approved the unaudited financial results (standalone and consolidated) for Q2 FY26, which ended on September 30, 2025. A limited review report issued by BSR & Co. LLP, the company’s statutory auditors, accompanied the results.
Standalone Financial Performance
Bharat Forge reported a total income of ₹19,933.26 million for Q2 FY26, compared to ₹22,814.70 million for Q2 FY25. The profit for the period stood at ₹3,099.36 million, compared to ₹3,611.63 million in the corresponding quarter of the previous year.
Consolidated Financial Performance
The consolidated financial results show a total income of ₹40,854.40 million for Q2 FY26 compared to ₹37,501.56 million for Q2 FY25. The profit for the period was ₹2,992.78 million versus ₹2,432.96 million in the prior year quarter.
Source: BSE
