Bharat Gears Limited reported a significant turnaround in profitability for the financial year ended March 31, 2026, with net profit after tax rising to ₹1,650.41 lakhs compared to ₹318.81 lakhs in the previous year. Revenue from operations for the year surged to ₹78,417.48 lakhs, up from ₹64,753.19 lakhs in the prior year. The Board of Directors has recommended a final dividend of ₹1 per share, subject to shareholder approval at the ensuing Annual General Meeting. The audited financial results were approved by the Board at its meeting held on May 30, 2026, with Statutory Auditors M/s Deloitte Haskins & Sells LLP issuing an audit report with an unmodified opinion.

Financial Performance

Bharat Gears delivered a strong full-year performance, with profit before tax (after exceptional items) reaching ₹2,201.88 lakhs in FY26, compared to ₹393.40 lakhs in FY25. Total Comprehensive Income for FY26 stood at ₹1,830.01 lakhs, against ₹228.97 lakhs in the previous year. Earnings per share (EPS) on a basic and diluted basis improved to ₹10.75 for FY26 from ₹2.08 in FY25. The following table summarises the key financial metrics:

Quarterly Performance

For the quarter ended March 31, 2026, Bharat Gears reported total income from operations of ₹21,028.80 lakhs, compared to ₹17,486.48 lakhs in the corresponding quarter of the previous year. Profit after tax for the quarter stood at ₹506.72 lakhs, against ₹171.33 lakhs in Q4 FY25. EPS for the quarter was ₹3.30 on a basic and diluted basis (not annualised). The quarterly figures are balancing figures between the audited full-year results and the unaudited year-to-date figures up to December for the respective years.

*Not annualised

Regulatory Filing and Publication

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Gears published the audited financial results for the quarter and year ended March 31, 2026 in "Financial Express" (English) and "Jansatta" (Hindi) on May 31, 2026. The company informed stock exchanges that the intimation could not be filed within the prescribed time due to a weekly off. The full format of the financial results is available on the NSE and BSE websites, as well as on the company's website. The regulatory filing was signed by Prashant Khattry, Corporate Head (Legal) and Company Secretary, on behalf of the Board of Directors. The results were signed by Chairman & Managing Director Surinder Paul Kanwar.

Bharat Gears Limited has recommended a final dividend of ₹1.00 per equity share for the financial year 2025-26, subject to shareholder approval. The dividend is scheduled to be paid on or before September 30, 2026. The Board also approved the appointment of Mr. Naresh Kumar Verma as Executive Director – Operations for a five-year term effective June 1, 2026, pending member approval at the upcoming Annual General Meeting. Additionally, the Board decided not to extend the term of Mr. Sameer Kanwar, Joint Managing Director, whose tenure expires on May 31, 2026.

The Board meeting held on May 30, 2026, also approved the appointment of statutory auditors and cost auditors for the financial year 2026-27. M/s Ernst & Young LLP was appointed as the Internal Auditor, while M/s M.K. Kulshreshtha & Associates, Cost Accountants, was appointed as the Cost Auditor. The company affirmed that the newly appointed director is not debarred from holding office by SEBI or any other authority, in compliance with relevant exchange circulars.

Mr. Naresh Kumar Verma, aged 66, holds a Master's in Commerce and a Post Graduate Diploma in Personnel Management & Industrial Relations. He brings 44 years of experience, having worked with companies such as VXL India Limited and Daikin Shriram Air Conditioning. He currently serves as a Non-Executive Director at Raunaq International Limited, a group company. Mr. Sameer Kanwar is the son of Mr. Surinder Paul Kanwar, the Chairman and Managing Director of Bharat Gears Limited.

Key Board Decisions

The following table summarizes the personnel changes approved by the Board:

Auditor Appointments

The Board approved the following auditor appointments for FY27:

• Internal Auditor: M/s Ernst & Young LLP
• Cost Auditor: M/s M.K. Kulshreshtha & Associates