Bharat Forge board approves ₹800 crore unsecured rupee term loan

Diversified group Bharat Forge Ltd on Wednesday (March 4) said it has approved raising an unsecured rupee term loan of up to ₹800 crore, within the ₹2,000 crore overall limit previously cleared by its board.”We would now like to inform you that the Committee, in its meeting held today i.e. March 4, 2026, has, inter alia, considered and approved availing of unsecured rupee term loan up to an amount of Rs. 8,000,000,000/- (Rupees Eight Thousand Million Only) within the aforesaid overall limit approved by the Board,” according to a stock exchange filing.

The decision was taken by the Investment Committee – Strategic Business in a meeting held today, following the Board’s in-principle approval in November 2025. The funds will be raised through the term loan as part of the company’s ongoing financing plan.Also Read: Bharat Forge Bull Vs Bear Case: One analyst sees a 24% gain, another a 46% downside

Third Quarter ResultsOn a consolidated basis, net profit rose 28% year-on-year to ₹272.8 crore, compared with ₹213 crore a year ago, but came in below the CNBC-TV18 poll estimate of ₹338 crore. Revenue increased 25% to ₹4,343 crore from ₹3,476 crore in the corresponding quarter last year, ahead of the poll estimate of ₹4,045 crore.

EBITDA grew 20.3% year-on-year to ₹750.3 crore versus ₹624 crore, higher than the poll estimate of ₹714 crore. However, EBITDA margin narrowed to 17.3% from 18% a year ago and was slightly below the poll estimate of 17.7%.

On a standalone basis, net profit declined 16.8% year-on-year to ₹288 crore from ₹346 crore. Revenue was largely flat at ₹2,084 crore compared with ₹2,096 crore in the year-ago period. EBITDA fell 7.2% to ₹566 crore from ₹609.5 crore, with margin contracting to 27.2% from 29%.

Shares of Bharat Forge Ltd ended at ₹1,841.70, down by ₹38.55, or 2.05%, on the BSE.

Also Read: Bharat Forge inks ₹453-crore business transfer deal with Kalyani Strategic Systems