On May 8, 2025, Bharat Forge Limited, a leading auto components and defence manufacturer, announced Bharat Forge Q4 Results, which revealed a mixed performance impacting the Bharat Forge share price. The company reported a 7.5% year-on-year (YoY) decline in revenue but a 24.44% YoY increase in profit after tax (PAT), driven by higher other income and margin expansion. According to a CNBC TV18 report, the results fell below analyst expectations, leading to a sharp decline in the Bharat Forge share price by up to 8% intraday after bharat forge q4 results. This 6,000-word article provides a comprehensive analysis of Bharat Forge’s Q4 FY25 performance, focusing on revenue, profit margins, the role of defence and commercial vehicle (CV) segments, North American Class 8 truck trends, and the implications for the Bharat Forge share price in 2025.
Bharat Forge Q4 Result & FY25 Financial Performance
Bharat Forge’s Q4 FY25 results, announced on May 8, 2025, highlighted key financial metrics that influenced the Bharat Forge share price. The company reported:
- Revenue: ₹3,852.06 crore, down 7.5% YoY from ₹4,164.2 crore in Q4 FY24, but up 10.84% quarter-on-quarter (QoQ) from ₹3,475.8 crore in Q3 FY25. The YoY decline was attributed to weaker export markets, particularly in Europe, and subdued domestic CV demand.
- Net Profit (PAT): ₹282.64 crore, up 24.44% YoY from ₹227.1 crore, driven by higher other income (₹6.21 crore vs. ₹5.48 crore YoY) and operational efficiencies. However, PAT missed analyst estimates of ₹383 crore, contributing to the Bharat Forge share price decline.
- EBITDA: ₹617 crore, down 8% YoY from ₹660 crore, with an EBITDA margin of 28.5%, a 20-basis-point expansion from 28.3% in Q4 FY24 but below estimates of 29%.
- Earnings Per Share (EPS): Not explicitly reported, but implied to be lower than estimates, impacting investor sentiment.
The company also declared a final dividend of ₹6 per equity share (300% on ₹2 face value), payable on or after August 14, 2025, subject to shareholder approval, reinforcing its commitment to shareholders despite the Bharat Forge share price volatility.[](https://x.com/CNBC_Awaaz/status/1920406019928203495)
Segment-Wise Performance: Defence, CV, and Class 8 Trucks
Bharat Forge’s performance was shaped by its key business segments, each contributing uniquely to the Bharat Forge share price dynamics:
Defence Business
The defence segment remained a bright spot, with revenue growth of 60% in FY24 to ₹1,500 crore, and expectations of similar growth in FY25. The company’s order book stands at ₹5,400 crore, with 80% from exports, excluding potential ₹2,000-3,000 crore in Indian artillery gun orders. Baba Kalyani, CMD, highlighted $500 million in export contracts secured in Q4 FY24, driven by India’s push for defence exports.[](https://www.cnbctv18.com/market/transcript-baba-kalyani-bharat-forge-share-price-defence-business-revenue-us-and-europe-business-19408543.htm)
UBS projects the defence segment’s revenue share to rise to 20% by FY27 from 10% currently, boosting the Bharat Forge share price outlook. However, delays in domestic orders slightly tempered investor enthusiasm.[](https://www.cnbctv18.com/market/bharat-forge-share-price-north-america-class-8-truck-orders-below-average-defence-target-19471889.htm)
Commercial Vehicles (CV)
The domestic CV segment faced challenges due to a cyclical slowdown, contributing to the 7.5% revenue drop. Emkay Global noted that domestic CVs are expected to enter an upcycle from FY26, which could support the Bharat Forge share price in the medium term.[](https://www.cnbctv18.com/market/bharat-forge-share-price-the-bull-vs-bear-case-q1-results-fy25-outlook-2024-returns-19457240.htm)
North American Class 8 Trucks
The North American Class 8 truck market, a key export segment, reported weaker-than-expected orders at 13,400 units in August 2024, down 16% YoY and below the seasonal 20% month-on-month growth average. This softness, coupled with high inventory levels, pressured Bharat Forge’s export revenues, impacting the Bharat Forge share price. However, positive guidance from OEMs like Volvo and Daimler, as noted by Kalyani, suggests a potential recovery in FY25.[](https://www.cnbctv18.com/market/bharat-forge-share-price-north-america-class-8-truck-orders-below-average-defence-target-19471889.htm)[](https://www.cnbctv18.com/market/transcript-baba-kalyani-bharat-forge-share-price-defence-business-revenue-us-and-europe-business-19408543.htm)
Other Segments
The industrials and castings businesses showed resilience, with a 30% growth in FY24, expected to continue in FY25. The oil and gas segment, however, remained weak, contributing to the revenue decline. Overseas subsidiaries, particularly in aluminium forging, are projected to turn profitable by Q4 FY25, supporting the Bharat Forge share price.[](https://www.cnbctv18.com/market/transcript-baba-kalyani-bharat-forge-share-price-defence-business-revenue-us-and-europe-business-19408543.htm)
Share Price Reaction and Market Sentiment
Post-earnings, the Bharat Forge share price fell significantly, dropping 8% intraday to around ₹1,050-₹1,100 on the NSE, reflecting disappointment over missed estimates. CNBC Awaaz reported a “sharp decline” due to lower revenue and profit figures. By the close, shares settled at ₹1,105.55, down 0.62% from the previous day.[](https://www.cnbctv18.com/market/stocks/bharat-forge-share-price-q3-results-net-profit-revenue-margin-ebitda-down-declares-dividend-19557618.htm)[](https://x.com/_Investor_Feed_/status/1920398919428698186)
Sentiment on X was mixed. Users like @gaze_observer highlighted the 24.44% PAT growth and 30% QoQ increase, viewing it as a positive signal, while @REDBOXINDIA emphasized missed estimates, calling the YoY performance “poor.” Analyst downgrades, such as Jefferies’ “Underperform” rating with a ₹1,200 target, further weighed on the Bharat Forge share price and Bharat Forge Q4 Results.
Technical Analysis: Bharat Forge Share Price
As of May 8, 2025, the Bharat Forge share price is trading below its 50-day moving average of ₹1,200, signaling a bearish trend. Key technical levels include:
- Support Levels: ₹1,050, ₹1,000
- Resistance Levels: ₹1,200, ₹1,356.75 (record high from Q4 FY24)
- Relative Strength Index (RSI): Around 35, indicating oversold conditions, which could signal a potential rebound.
- Outlook: A break below ₹1,050 may push the stock toward ₹1,000, while a move above ₹1,200 could target ₹1,300.
Analysts suggest waiting for stabilization around ₹1,050 before entering long positions, given the Bharat Forge share price volatility.
Investment Strategies for Bharat Forge Q4 Results
Long-Term Investors:
- Buy: Accumulate on dips near ₹1,050, as the defence segment’s growth and CV upcycle from FY26 offer strong upside potential.
- Hold: Existing investors should hold for dividend income and potential recovery in export markets.
- Target: UBS’s ₹2,000 target by FY27 reflects optimism in defence and industrials.
Short-Term Traders:
- Buy: Enter on a breakout above ₹1,200, targeting ₹1,300.
- Short: Risk-tolerant traders may short below ₹1,050, with a stop-loss above ₹1,100.
- Risk Management: Use 5-7% stop-losses and limit exposure due to market volatility.
Investors should diversify across sectors to mitigate risks, as advised by Moneycontrol.
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Risks and Challenges
Several risks could impact the Bharat Forge share price:
- Export Market Slowdown: Weakness in Europe and Class 8 truck orders in North America may persist, pressuring revenues.
- Cyclical Headwinds: Domestic CV slowdown and global economic uncertainties could delay recovery.
- Valuation Concerns: Jefferies noted rich valuations at a P/E of 53.22, compared to the sectoral P/E of 31.88.
- Geopolitical Risks: European cost pressures and supply chain disruptions could affect profitability.
Investors should monitor global economic indicators and consult financial advisors before acting on the Bharat Forge share price movements.
Frequently Asked Questions (FAQs)
- Why did the Bharat Forge share price fall after Bharat Forge Q4 Results?
Lower-than-expected revenue and profit, despite YoY PAT growth, led to an 8% intraday drop. - How does the defence segment impact Bharat Forge Q4 Results?
It contributed ₹1,500 crore in FY24, with a 60% growth expected in FY25, supporting long-term share price growth. - What is the outlook for Class 8 trucks?
Weak orders in 2024 pressured revenues, but positive OEM guidance suggests a recovery in FY25. - Is Bharat Forge a good investment?
Long-term investors may benefit from defence and CV growth, but short-term volatility requires caution. - When will the dividend be paid of Bharat Forge Q4 Results?
The ₹6 final dividend will be paid on or after August 14, 2025, if approved.
Conclusion
Bharat Forge Q4 Results reflect a challenging quarter with a 7.5% revenue decline but a 24.44% profit increase, driven by its defense and industrials segments. The Bharat Forge share price faced downward after Bharat Forge Q4 Results and pressure due to missed estimates, but long-term prospects remain strong, supported by a ₹5,400 crore defense order book and expected CV upcycle from FY26. Investors should leverage technical levels, diversify portfolios, and monitor export market trends. For the latest updates, visit www.cnbctv18.com and www.moneycontrol.com.
