Total expenses fell 9.38% YoY to Rs 3,483.04 crore. Segment-wise, revenue from forgings rose 0.82% to Rs 3,436.23 crore, while the defence segment saw a sharp 49.29% drop to Rs 284.35 crore. The 'Other' segment revenue rose 17.47% to RS 285.12 crore.

Operating margin improved to 17.63% in Q4 FY25 from 15.46% a year ago, and net profit margin increased to 7.34% from 5.45%. The company’s defence order book stood at Rs 9,420 crore, with Rs 6,959 crore of new orders won in FY25—70% of which were in defence.

On a full-year basis, the company's net profit declined 3.57% to Rs 15,122.80 crore on a 0.34% rise in revenue to Rs 913.28 crore in FY25 over FY24.

Meanwhile, the board of directors has recommended a dividend of Rs 6 per equity share of face value Rs 2 each for FY25.

Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering.

Shares of Bharat Forge fell 2.32% to Rs 1,114 on the BSE.