Bharat Forge announced the outcome of its Board meeting held on February 12, 2026. The Board approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025, along with a declaration of an interim dividend of ₹2/- per share. Furthermore, the Board approved the reappointment of key Whole-Time Directors, Mr. B. P. Kalyani and Mr. S. E. Tandale, for a further five-year term commencing May 23, 2026.
Board Approvals Following Q3 Performance
The Board of Directors of Bharat Forge Limited convened on Thursday, February 12, 2026, to discuss and approve several critical items affecting the Company’s financial and governance structure. The meeting resulted in the approval of the Unaudited Financial Results for both standalone and consolidated entities for the quarter and nine months ending December 31, 2025, supported by the Limited Review Report from BSR & Co. LLP.
Interim Dividend Declared
A key financial decision was the declaration of an interim dividend of ₹2/- (Rupees Two only) per equity share, based on the face value of ₹2 each (representing a 100% rate). This dividend is scheduled to be paid on or before Thursday, March 12, 2026, utilizing the Record Date of Wednesday, February 18, 2026.
Key Financial Highlights (Standalone – Q3 FY2026 vs. Q3 FY2025)
The standalone results show notable shifts in performance:
- Total Income for the quarter ending December 31, 2025, was ₹21,109.76 Million, compared to ₹21,273.26 Million in the corresponding quarter last year.
- Profit before tax for the quarter stood at ₹3,915.78 Million.
- The Net Profit Margin for the quarter was 13.82%, slightly lower than the previous year’s 16.51%.
- For the nine months ended December 31, 2025, Total Income reached ₹62,512.02 Million, resulting in a Profit Before Tax of ₹12,709.94 Million.
Management and Governance Updates
The Board confirmed significant movements concerning key personnel:
Reappointment of Whole-Time Directors
Following the recommendation of the Nomination and Remuneration Committee, the following Whole-Time Directors, designated as Executive Directors, were reappointed for a further period of five years, effective from May 23, 2026, to May 22, 2031, subject to shareholder approval:
- Mr. B. P. Kalyani (DIN: 00267202)
- Mr. S. E. Tandale (DIN: 00266833)
The brief profiles attached detail Mr. Kalyani’s extensive contribution to forging technology and modernization, and Mr. Tandale’s pivotal role in leading the Component Forging Business Unit and global operations.
Cessation of Senior Management
The Board noted the cessation of Mr. Sumeet Banga, President and CEO – Industrial business, as Senior Management Personnel, effective February 12, 2026, due to his transfer to the Company’s subsidiary, JS Auto Cast Foundry India Private Limited, as part of strategic restructuring.
Subsidiary Merger Approved
The merger of Ferrovia Transrail Solutions Private Limited (“FTSPL”), a step-down wholly owned subsidiary, into BF Infrastructure Limited (“BFIL”), a wholly owned subsidiary and the holding company of FTSPL, was also approved. This move is intended to align with the overall group restructuring and consolidation strategy.
Investor Ratios Summary (Standalone – Q3 FY2026)
Key financial ratios for the quarter ending December 31, 2025, show:
- Operating Margin: 27.18%
- Net Profit Margin: 13.82%
- Debt Equity Ratio: 0.27
- Current Ratio: 1.53
Investor Ratios Summary (Consolidated – Q3 FY2026)
Consolidated performance metrics include:
- Operating Margin: 17.18%
- Net Profit Margin: 6.28%
- Debt Equity Ratio: 0.62
- Current Ratio: 1.13
Source: BSE
