Management said it remains confident of delivering 25% revenue growth along with a corresponding increase in EBITDA going forward.
The company also said it has initiated the restructuring of the steel business of CDP Bharat Forge and expects the process to conclude by the end of calendar year 2027.
In Europe, management is exploring alternative business opportunities to better utilise its scaled-down manufacturing footprint.
For the quarter, Bharat Forge reported a mixed set of earnings when compared to analyst expectations and the year-ago quarter.
Net profit declined 17.4% YoY to ₹233 crore, impacted by a one-time loss of ₹98.7 crore, compared to a loss of ₹5 crore in the corresponding quarter last year. The figure also came in below the CNBC-TV18 poll estimate of ₹363 crore.
Revenue for the quarter rose 17.5% YoY to ₹4,528 crore, slightly below estimates of ₹4,604 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 14.3% YoY to ₹778 crore, while EBITDA margin narrowed to 17.2% from 17.7% a year ago.
Both EBITDA and margin were marginally below street expectations.
The board has also approved a final dividend of ₹6.5 per equity share for FY26. Subject to shareholder approval, the dividend will be paid by August 14.
