Bharat Forge Limited has released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹6.50 per equity share (325%) for the financial year. Additionally, the company announced the re-appointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director and confirmed the upcoming 65th Annual General Meeting scheduled for August 11, 2026.
Financial Performance Overview
For the financial year ended March 31, 2026, Bharat Forge reported a consolidated revenue from operations of ₹168,116.53 million, compared to ₹151,228.03 million in the previous year. The standalone revenue for the same period stood at ₹83,956.78 million. Despite various exceptional items, including provisions for impairment and labor code impacts, the company demonstrated resilience in its core operations.
Dividend and Shareholder Payouts
The Board has recommended a final dividend of ₹6.50 per equity share, having a face value of ₹2 each, for the year ended March 31, 2026. This dividend, which represents a 325% payout, is subject to approval by shareholders at the upcoming Annual General Meeting. If approved, the payment is scheduled to be made on or after Friday, August 14, 2026.
Strategic Appointments and Corporate Governance
The company announced the re-appointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director. His new term is set for five consecutive years, beginning September 1, 2026, and concluding on August 31, 2031, subject to approval by members at the ensuing Annual General Meeting. Mr. Bharat Ram brings extensive experience in leadership and corporate strategy to the Board.
Segment Performance
The company continues to operate through three distinct reporting segments: Forgings, Defence, and Others. The Forgings segment remains the primary revenue driver, contributing ₹139,285.82 million in external revenue for the fiscal year. The Defence segment continues to scale, recording ₹17,577.72 million in revenue, reflecting the company’s strategic shift toward diversified defense-related manufacturing.
Exceptional Items and Business Restructuring
The financial results reflect several strategic adjustments, including impairment provisions related to the electric mobility business (KPTL) and incidental expenses linked to the restructuring of the German subsidiary, Bharat Forge CDP GmbH. Furthermore, the company successfully integrated K Drive Mobility Solutions Private Limited (formerly AAM India Manufacturing Corporation) following its acquisition earlier in the fiscal year.
Source: BSE
