Bharat Forge Posts Strong Revenue Growth but Swings to a Loss
The auto ancillary leader reported an 18.7% YoY revenue jump, but profitability reversed sharply, resulting in a quarterly loss.
Bharat Forge's Q1 FY27 earnings show a clear divergence: revenue growth remained robust, but the company swung to a loss, with net profit margin turning negative.
Bharat Forge reported a quarter of contrasting fortunes for Q1 FY27. While the company's revenue growth remained healthy, it swung to a net loss, highlighting a significant squeeze on profitability.
Revenue for the quarter ended June 2026 rose 18.7% year-on-year to ₹4,640 crore, continuing a multi-quarter uptrend. Sequentially, sales also grew by 2.5%. However, profit after tax (PAT) plunged to a loss of ₹89.9 crore, a stark reversal from a profit of ₹283.9 crore in the same quarter last year. This pushed the net profit margin to -1.9%, down sharply from 7.3% a year ago.
The trajectory over the past five quarters shows revenue climbing steadily, while profit has declined each quarter before turning negative.
Revenue & profit
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 4,639.94YoY +19% | 4,528.04 | 3,908.75 |
| Profit (₹ Cr) | -89.89YoY -132% | 233.45 | 283.87 |
| Net Profit Margin (%) | -1.9YoY -126% | 5.2 | 7.3 |
Key Points
- The trailing-twelve-month (TTM) net profit margin stands at 4.1%, supported by stronger performance in prior quarters.
- The company's stock has delivered strong returns, gaining 74.9% over the past year.
- Its current price-to-earnings (P/E) ratio of 74.2 trades at a 40.8% premium to the industry average.
Despite the top-line strength, the sharp erosion in the bottom line this quarter shifts the focus squarely to cost management and operational efficiency for the global forging leader.
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