Q3 results impact: Bharat Forge shares rise 2% as firm says 'worst is behind'; Amara Raja plunges 6%

Q3 results impact: Bharat Forge shares rise 2% as firm says ‘worst is behind’; Amara Raja plunges 6%

• Bharat Forge Q3 profit up 28 percent YoY, shares rise over 2 percent
• Bharat Forge declares Rs 2 interim dividend, record date set for Feb 18
• Amara Raja Q3 profit falls 53 percent YoY, shares drop 6 percent

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The shares of Bharat Forge gained more than 2 percent on February 12 after the company’s management remained positive about demand recovery in the upcoming quarters, while releasing Q3 results.

Amara Raja Energy & Mobility shares meanwhile fell 6 percent to close at Rs 857 apiece.

Bharat Forge Q3 Results:

Bharat Forge on February 12 reported a consolidated net profit of Rs 272.8 crore for the October-December quarter of FY26, marking a 28 percent YoY increase from the Rs 212.78 crore during the same period last year.

The firm’s revenue from operations meanwhile rose around 25 percent YoY to Rs 4,342.93 crore during the quarter under review.

Along with the Q3 results, the company declared an interim dividend of Rs 2 per equity share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on February 18. The dividend will be paid to the eligible shareholders on or before March 12.

Bharat Forge Chairman and MD B.N. Kalyani said, “Looking ahead into Q4 FY26 and FY27, it is fair to say that the worst is behind us and things are starting to look up. With both domestic and exports markets looking strong across sectors, and the commencement of ATAGS execution in H2 FY27, we expect high double-digit top line growth and commensurate impact on profitability.”

Amara Raja Q3 Results:

Amara Raja Energy & Mobility on February 11 reported a consolidated net profit of Rs 140.15 crore for Q3 FY26, marking a 53 percent year-on-year (YoY) fall from the Rs 298.37 crore net profit reported in Q3 FY25. This comes despite the company reporting a net exceptional gain of Rs 47.63 crore during the quarter under review, as against a one-time expense of Rs 111.07 crore during the year-ago period.

The firm’s revenue from operations however rose over 4 percent YoY to Rs 3,410.15 crore during the quarter under review. “The company reported healthy performance across key segments, led by strong automotive growth driven by rising OEM volumes, particularly in the domestic four-wheeler and allied segments. The Industrial battery business delivered steady performance in the UPS segment, while Telecom customers increasingly migrate to advanced Li-ion battery solutions. Exports saw a decline during the period, primarily due to ongoing geopolitical tensions impacting global trade flows,” the company said.

Speaking about the company’s performance during the quarter, Amara Raja Chairman and Managing Director Jayadev Galla said, “Our performance reflects steady and consistent progress, with each passing year strengthening our core capabilities across the energy and mobility value chain. Energy and mobility are no longer separate conversations, they are converging into a single ecosystem defined by reliability, sustainability, and strategic resilience, and our focus is on creating technologies, capabilities, and partnerships that will power this transition responsibly and at scale.”

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