Bharat Forge Limited

Rs 16,812 Crore

challenges and regulatory volatility, the company on a consolidated basis has recorded revenues of Rs 16,812 Crores and EBITDA of Rs 2,921 Crores, growth of 11.2% and 5.9% respectively. At a standalone level, FY2

Rs 2,921 Crore

lity, the company on a consolidated basis has recorded revenues of Rs 16,812 Crores and EBITDA of Rs 2,921 Crores, growth of 11.2% and 5.9% respectively. At a standalone level, FY26, revenues came in at Rs 8,396

11.2%

olidated basis has recorded revenues of Rs 16,812 Crores and EBITDA of Rs 2,921 Crores, growth of 11.2% and 5.9% respectively. At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5

5.9%

asis has recorded revenues of Rs 16,812 Crores and EBITDA of Rs 2,921 Crores, growth of 11.2% and 5.9% respectively. At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while

Rs 8,396 Crore

921 Crores, growth of 11.2% and 5.9% respectively. At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while EBITDA of Rs 2,312 Crore was down 8.4%. Balance sheet strength remain intac

5.1%

% and 5.9% respectively. At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while EBITDA of Rs 2,312 Crore was down 8.4%. Balance sheet strength remain intact with net debt

Rs 2,312 Crore

ly. At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while EBITDA of Rs 2,312 Crore was down 8.4%. Balance sheet strength remain intact with net debt to equity at 0.18x. Q4 FY26 saw a

8.4%

FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while EBITDA of Rs 2,312 Crore was down 8.4%. Balance sheet strength remain intact with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ gro

0.18x

of Rs 2,312 Crore was down 8.4%. Balance sheet strength remain intact with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ growth in Standalone revenue reaching Rs 2,260 crore driven by exports r

8.5%

as down 8.4%. Balance sheet strength remain intact with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ growth in Standalone revenue reaching Rs 2,260 crore driven by exports recovery, while EBITDA

Rs 2,260 crore

t with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ growth in Standalone revenue reaching Rs 2,260 crore driven by exports recovery, while EBITDA grew by 7.2% QoQ to Rs 610 Crore resulting in a margin of

7.2%

th in Standalone revenue reaching Rs 2,260 crore driven by exports recovery, while EBITDA grew by 7.2% QoQ to Rs 610 Crore resulting in a margin of 27% and PBT at Rs 486 Crore. The company secured new

“PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Q4 & FY26 ANALYST UPDATE Inspiring Innovation.”

“Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail Management Commentary: FY26 Performance BFL 3 Month Report: “Despite demand challenges and regulatory volatility, the company on a consolidated basis has recorded revenues of Rs 16,812 Crores and EBITDA of Rs 2,921 Crores, growth of 11.2% and 5.9% respectively.”

“At a standalone level, FY26, revenues came in at Rs 8,396 Crores, lower by 5.1% while EBITDA of Rs 2,312 Crore was down 8.4%.”

“Q4 FY26 saw an 8.5% QoQ growth in Standalone revenue reaching Rs 2,260 crore driven by exports recovery, while EBITDA grew by 7.2% QoQ to Rs 610 Crore resulting in a margin of 27% and PBT at Rs 486 Crore.”

“The company secured new orders worth Rs 4,814 Crores in FY26 including Rs 2,816 crores in Defence.”

“The order book for Defence stood at Rs 10,961 crores as of FY26.”

“On the Indian subsidiaries front, JS Autocast registered topline of Rs 757 Crore and EBITDA of Rs 106 Crore (14.3% EBITDA margin) in FY26.”

“We have initiated the restructuring of the steel business of CDP Bharat Forge and we expect this process to conclude by end of CY27.”

“Looking ahead into FY27, barring any geopolitical crisis and its impact of demand, we are optimistic of achieving 25% revenue growth with a commensurate increase in EBITDA & profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.” B.N.”

“Kalyani, Chairman & Managing Director Standalone Financial Highlights Q4 & FY26 Rs million Revenue Revenue 22,605 20,837 21,630 83,958 88,438 Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 EBITDA EBITDA 6,103 5,694 6,289 23,121 25,236 Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 PBT before Ex.”

Sub.

1

Sub.

Dear Sir / Madam, With reference to the subject, we are enclosing a copy of the Presentation on the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended March 31, 2026. 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 Q4 & FY26 ANALYST UPDATE Inspiring Innovation. Worldwide. Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail Management Commentary: FY26 Performance BFL 3 Month Report: “Despite demand challenges and regulatory volatility, the company on a consolidated basis has recorded revenues of Rs 16,812 Crore