Bharat Forge shares climbed 1.54% to ₹1,919 on the BSE after the company disclosed a ₹90 crore net loss for the quarter.
The loss follows a ₹284 crore profit in the same period last year, and a CNBC‑TV18 poll had pegged earnings at ₹349 crore. Revenue, however, surged 18.7% YoY to ₹4,640 crore, beating the poll estimate of ₹4,591 crore.
EBITDA margin slipped to 15.29% from 17% in the prior year, with a one‑time exceptional loss of ₹358 crore dragging the bottom line. The earnings before interest, tax, depreciation and amortisation (EBITDA) rose modestly to ₹709.4 crore from ₹670 crore, but still fell short of the ₹783 crore consensus.
The company is raising ₹2,000 crore through a qualified institutional placement, setting a floor price of ₹1,851 per share. A discount of up to 3.5% on the last closing price is permitted, and shareholders approved the issue via a postal ballot on September 11, 2026. The placement details will be filed with the BSE and NSE on September 17.
Investors see the QIP as a move to shore up the balance sheet amid the loss, and the share price reaction reflects confidence in the capital raise. The next earnings call is scheduled for early December, where management is expected to outline the impact of the fresh capital on future margins.