Summary of Key Information:

Reporting Period: Quarter and Six Month Period ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results

Date of Board Meeting / Approval: October 30, 2026 (Meeting duration: 12:13 PM to 02:30 PM)

Audit Opinion: Modified - Emphasis of Matter regarding governance concerns

Auditor's Comment: Unable to determine effect of governance concerns raised by erstwhile Joint Managing Director against Chairman and Managing Director; external agency assessment pending

Key Financial Highlights [₹ in lakhs]

Standalone Results:

Quarter ended 30.09.2026 vs 30.09.2025:

  • Revenue from Operations: ₹20,474.07 (vs ₹21,564.94) - Decrease of 5.06%
  • Total Income: ₹20,663.68 (vs ₹21,605.58) - Decrease of 4.36%
  • Net Profit: ₹722.21 (vs ₹14.88) - Significant improvement
  • EPS: ₹4.70 (vs ₹0.10)

Six month period ended 30.09.2026 vs 30.09.2025:

  • Revenue from Operations: ₹45,382.41 (vs ₹38,453.86) - Increase of 18.02%
  • Total Income: ₹45,516.54 (vs ₹38,821.14) - Increase of 17.25%
  • Net Profit: ₹424.68 (vs ₹886.85) - Decrease of 52.11%
  • EPS: ₹2.77 (vs ₹5.77)

Previous year ended 31.03.2026:

  • Revenue from Operations: ₹78,417.48
  • Total Income: ₹79,050.23
  • Net Profit: ₹1,650.41
  • EPS: ₹10.75

Expense Breakdown (Q2 FY27):

  • Cost of materials and components consumed: ₹10,932.63
  • Changes in inventories: (₹375.53)
  • Employee benefits expense: ₹3,189.79
  • Finance costs: ₹358.64
  • Depreciation and amortisation: ₹578.55
  • Other expenses: ₹5,023.49

Tax Expense (Q2 FY27):

  • Current tax expense: ₹195.42
  • Deferred tax charge: ₹38.48
  • Total tax expense: ₹233.90

Other Equity:

  • As at 30.09.2026: ₹11,851.19
  • As at 31.03.2026: ₹11,583.40

Cash and Cash Equivalents:

  • As at 30.09.2026: ₹7.47
  • As at 31.03.2026: ₹6.07

Debt Position:

Non-current borrowings:

  • As at 30.09.2026: ₹1,453.00
  • As at 31.03.2026: ₹1,721.73

Current borrowings:

  • As at 30.09.2026: ₹4,439.08
  • As at 31.03.2026: ₹4,094.17

Segment-wise Performance:

The Company is primarily engaged in the Automotive Gears business and all other activities revolving around the same. There is no other separate reportable segment as defined by Indian Accounting Standard 108 - "Operating Segments".

Corporate Actions:

Not Specified

Other Significant Information:

Assets and Liabilities Position as at 30.09.2026:

  • Total Assets: ₹45,936.63
  • Total Equity: ₹13,386.70
  • Total Liabilities: ₹32,549.93
  • Inventories: ₹11,533.45
  • Trade Receivables: ₹13,590.35

Cash Flow for Six Months ended 30.09.2026:

  • Net cash from operating activities: ₹2,316.74
  • Net cash used in investing activities: (₹1,286.59)
  • Net cash used in financing activities: (₹987.24)
  • Net increase in cash: ₹42.91

Entities:

The financial results represent standalone financials of Bharat Gears Limited only.

Exceptional Items:

No exceptional items disclosed in the financial results.

Accounting Policy Changes:

No changes in accounting policy affecting comparability disclosed.

Management Outlook:

Not Specified