Bharat Forge Q1 Profit Jumps 63% to Rs 284 Cr

New Delhi, Aug 6 (PTI) Bharat Forge on Wednesday posted a 63 per cent year-on-year increase in consolidated net profit to Rs 284 crore for the June quarter and noted that the company remains cautious on the outlook for the US export business due to the recent tariff announcement.

The Pune-based company posted a net profit of Rs 174 crore in the April-June quarter of the last fiscal.

Total income, however, declined to Rs 3,958 crore in the first quarter as against Rs 4,158 crore in the year-ago period, Bharat Forge said in a regulatory filing.

"Given the recent tariff announcement by the US government and changes to emission regulation in North America, we are cautious on the outlook for the US export business for the remainder of the fiscal," Bharat Forge Chairman and MD Baba Kalyani said. "FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure. Our focus is on capturing opportunities in businesses & geographies which are relatively unaffected and work simultaneously on cost optimisation to minimise the impact of operating deleverage," he added.


Kalyani noted that during the first quarter, the company secured new orders worth Rs 847 crore, including Rs 269 crore in defence.

As of Q1FY26, the defence order book stood at Rs 9,463 crore, he added.

For the defence vertical, based on the projects/platforms the company has participated in, it expects to secure new orders in this fiscal year, generating more revenue visibility for the future years, he stated.

"The US & European operations witnessed meaningful improvement in financial performance in the April-June quarter and are generating cash profit. Review of the European steel manufacturing footprint is on track, and we expect to have concrete steps in place by the end of this year," Kalyani said.

Shares of the company on Wednesday ended 1.94 per cent down at Rs 1,138.80 apiece on BSE.