Bharat Forge Limited

2.7%

in our export markets caused by tariff & regulatory uncertainties. Standalone Revenues declined by 2.7% sequentially to Rs 2,105 Crores, impacted by 12.7% drop in Exports revenues. For the quarter, EBITD

Rs 2,105 Crore

caused by tariff & regulatory uncertainties. Standalone Revenues declined by 2.7% sequentially to Rs 2,105 Crores, impacted by 12.7% drop in Exports revenues. For the quarter, EBITDA came in at Rs 588 Crores (EB

12.7%

y uncertainties. Standalone Revenues declined by 2.7% sequentially to Rs 2,105 Crores, impacted by 12.7% drop in Exports revenues. For the quarter, EBITDA came in at Rs 588 Crores (EBITDA margins of 27.9

Rs 588 Crore

to Rs 2,105 Crores, impacted by 12.7% drop in Exports revenues. For the quarter, EBITDA came in at Rs 588 Crores (EBITDA margins of 27.9%) and PBT of Rs 465 crores. Consolidated revenue was Rs 3,909 Crore and Co

27.9%

2.7% drop in Exports revenues. For the quarter, EBITDA came in at Rs 588 Crores (EBITDA margins of 27.9%) and PBT of Rs 465 crores. Consolidated revenue was Rs 3,909 Crore and Consol EBITDA margin was 17.

Rs 465 crore

ts revenues. For the quarter, EBITDA came in at Rs 588 Crores (EBITDA margins of 27.9%) and PBT of Rs 465 crores. Consolidated revenue was Rs 3,909 Crore and Consol EBITDA margin was 17.5%. During the quarter,

Rs 3,909 Crore

e in at Rs 588 Crores (EBITDA margins of 27.9%) and PBT of Rs 465 crores. Consolidated revenue was Rs 3,909 Crore and Consol EBITDA margin was 17.5%. During the quarter, the company secured new orders worth Rs 84

17.5%

.9%) and PBT of Rs 465 crores. Consolidated revenue was Rs 3,909 Crore and Consol EBITDA margin was 17.5%. During the quarter, the company secured new orders worth Rs 847 Crores including Rs 269 Crores in

Rs 847 Crore

Crore and Consol EBITDA margin was 17.5%. During the quarter, the company secured new orders worth Rs 847 Crores including Rs 269 Crores in Defence. As of Q1FY26, the defence order book stood at Rs 9,463 Crores

Rs 269 Crore

margin was 17.5%. During the quarter, the company secured new orders worth Rs 847 Crores including Rs 269 Crores in Defence. As of Q1FY26, the defence order book stood at Rs 9,463 Crores. For the defence verti

Rs 9,463 Crore

rth Rs 847 Crores including Rs 269 Crores in Defence. As of Q1FY26, the defence order book stood at Rs 9,463 Crores. For the defence vertical, based on the project / platforms we have participated in, we expect to

Rs 21,047 million

PBT before Ex. Gain/ Loss 4,653 5,060 5,226 Q1 FY26 Q4 FY25 Q1 FY25 Q1 FY26 Revenues at Rs 21,047 million were lower QoQ due to challenges arsing from the tariff policy, roll back of emission norms change

“PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Q1 FY26 ANALYST UPDATE Inspiring Innovation.”

“Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail Management Commentary: Q1 FY26 Performance BFL 3 Month Report: “During the quarter, the company faced challenging market conditions in our export markets caused by tariff & regulatory uncertainties.”

“For the defence vertical, based on the project / platforms we have participated in, we expect to secure new orders in this fiscal year generating more revenue visibility for the future years.”

“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.”

“FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure.”

“Kalyani, Chairman & Managing Director Standalone Financial Highlights Q1 FY26 Rs million Revenue 21,047 21,630 23,381 Q1 FY26 Q4 FY25 Q1 FY25 EBITDA 5,878 6,289 6,576 Q1 FY26 Q4 FY25 Q1 FY25 PBT before Ex.”

“Gain/ Loss 4,653 5,060 5,226 Q1 FY26 Q4 FY25 Q1 FY25 Q1 FY26 Revenues at Rs 21,047 million were lower QoQ due to challenges arsing from the tariff policy, roll back of emission norms change for Heavy trucks in US and seasonality in the Aerospace business.”

“Operational performance had a bearing on PBT, with PBT before Exchange gain/ (loss) coming in at Rs 4,653 million for Q1 FY26, 8% and 11% lower than Q4 FY25 & Q1 FY25 respectively.”

“3 Review of Export Business – Q1 FY26 Rs million Revenue – Rs 10,753 million Revenue – Rs 12,321 million Revenue – Rs 11,702 million • CV exports to Europe saw some revival post the lows seen last year while North American CV revenues saw a decline due to a pause to the emission norm change and the ongoing trade policy flux in US.”

“4 4,633 3,224 4,464 Q4 FY25Commercial VehiclesPassenger VehiclesIndustrial5,318 2,752 3,631 Q1 FY25Commercial VehiclesPassenger VehiclesIndustrial4,499 2,882 3,372 Q1 FY26Commercial VehiclesPassenger VehiclesIndustrial Review of Domestic Business – Q1 FY26 Rs million Revenue – Rs 9,157 million Revenue – Rs 8,034 million Revenue – Rs 10,595 million • CV business movement was attributed largely to market softness & seasonality seen at the beginning of the financial year.”

Sub.

1

Sub.

Presentation on Financial Results for the quarter ended June 30, 2025 Dear Sir / Madam, With reference to the subject, we are enclosing a copy of the Presentation on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2025. Kindly take the same on record. Thanking you, Yours faithfully, For Bharat Forge Limited Tejaswini Chaudhari Company Secretary and Compliance Officer Membership No.: A18907 Encl: As above CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Q1 FY26 ANALYST UPDATE Inspiring Innovation. Worldwide. Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail Management Commentary: Q1 FY26 Performance BFL 3 Month Report: “During the quarter, the company faced challenging market conditions in our e