Bharat Forge Limited announced the outcome of its Board Meeting held on February 12, 2026. Key approvals include the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board declared an interim dividend of Rs. 2/- per share. Furthermore, the reappointments of Mr. B. P. Kalyani and Mr. S. E. Tandale as Whole-Time Directors for five years were approved, effective May 23, 2026.
Board Meeting Outcome Summary (February 12, 2026)
The Board of Directors of Bharat Forge Limited met on Thursday, February 12, 2026, and approved several crucial items, including financial results and corporate governance matters.
Financial Results: Q3 FY2025-26
The Board approved the Statement of Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025, along with the Limited Review Report from BSR & Co. LLP.
Key Standalone Highlights (Nine Months Ended Dec 31, 2025)
- Total Income: Rs. 62,512.02 Million (compared to Rs. 67,914.78 Million in the previous corresponding period, FY2024-25).
- Profit Before Tax: Rs. 12,709.94 Million.
- Profit for the Period/Year: Rs. 9,364.98 Million.
- Earnings Per Share (Not Annualised): Rs. 17.72.
Key Consolidated Highlights (Nine Months Ended Dec 31, 2025)
- Total Income: Rs. 124,293.25 Million (compared to Rs. 114,218.59 Million in the previous corresponding period, FY2024-25).
- Profit Before Tax: Rs. 12,750.37 Million.
- Profit for the Period/Year Attributable to Owners of the Parent: Rs. 8,470.96 Million.
- Earnings Per Share (Not Annualised): Rs. 14.13.
Interim Dividend Declaration
The Board declared an interim dividend of Rs. 2/- (Rupees Two only) per equity share with a face value of Rs. 2 each (a 100% rate on face value). This dividend is scheduled to be paid on or before Thursday, March 12, 2026, based on the Record Date of Wednesday, February 18, 2026.
Director Reappointments
Based on the Nomination and Remuneration Committee’s recommendation, the Board approved the reappointment of:
- Mr. B. P. Kalyani (DIN: 00267202) as Whole-Time Director (Executive Director).
- Mr. S. E. Tandale (DIN: 00266833) as Whole-Time Director (Executive Director).
Both reappointments are for a further period of 5 (Five) years, effective from May 23, 2026, to May 22, 2031, subject to shareholder approval via Ordinary Resolution through Postal Ballot.
Changes in Senior Management
The Board noted the cessation of Mr. Sumeet Banga, President and CEO – Industrial business, as Senior Management Personnel, effective February 12, 2026. This cessation is due to his transfer to the wholly-owned subsidiary, J S Auto Cast Foundry India Private Limited, as part of strategic internal leadership restructuring.
Merger Approval
The Board approved the merger of Ferrovia Transrail Solutions Private Limited (“FTSPL”) (Transferor), a step-down wholly owned subsidiary, with BF Infrastructure Limited (“BFIL”) (Transferee), a wholly owned subsidiary.
This merger aligns with the overall group restructuring and consolidation strategy. Since FTSPL is a wholly owned subsidiary of the Transferee, no cash consideration or new shares will be issued.
Financial Ratios Analysis (Standalone – December 31, 2025)
Key standalone financial metrics for the quarter ended December 31, 2025, compared to the prior period:
- Operating Margin (%): 27.18% (vs 29.10% for Dec 31, 2024 quarter).
- Net Profit Margin (%): 13.82% (vs 16.51% for Dec 31, 2024 quarter).
- Debt Equity Ratio: 0.27 (vs 0.38 for Dec 31, 2024 quarter).
- Current Ratio: 1.53 (vs 1.54 for Dec 31, 2024 quarter).
Source: BSE
