Bharat Forge Limited (BFL) today announced its financial results for the quarter ended September 30, 2025, highlighting steady performance driven by its domestic industrial and defence segments, despite weakness in export markets.

On a standalone basis, the company reported revenue of ₹1,947 crore for Q2 FY26, a decline of 7.5 per cent quarter-on-quarter (QoQ), primarily due to a slowdown in North American commercial vehicle demand.

EBITDA stood at ₹545 crore, with margins improving slightly to 28 per cent, up 10 basis points QoQ on account of a favourable product mix. Profit before tax (PBT) before exceptional items was ₹432 crore, down 7.2 per cent QoQ, while profit after tax (PAT) came in at ₹310 crore, compared to ₹339 crore in the previous quarter.

On a consolidated basis, revenue

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