Bharat Forge's Q1 FY26 profit rose 37.2% YoY, despite a 4.8% drop in revenue and defence segment slowdown.

• Total expenses declined 4.39% YoY, while finance cost dropped sharply by 33.53% in the reported quarter.
• Forgings revenue rose 5.33%, but defence segment saw a sharp 58.79% YoY decline to Rs 264.40 crore.
• Net profit margin improved to 7.26% from 4.25%, supported by cost controls and better overseas performance.