Bharat Forge Limited has informed the Exchange about Transcript
BHARATFORG · price
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Bharat Forge reported Q1 FY26 standalone revenue of Rs. 2,105 crore, down 2.7% year-on-year, due to tariff disruptions, delayed pre-buying from emission norm pauses, and aerospace seasonality. Standalone EBITDA fell 6.5% to Rs. 588 crore, absorbing Rs. 14 crore in tariff-related costs. Consolidated revenue rose 1.5% sequentially to Rs. 3,909 crore with EBITDA margin improving to 17.4%, helped by overseas aluminium turnaround (US business posted second straight quarter of positive EBITDA at 6.1% margins). New order wins totaled Rs. 850 crore in the quarter, and the company expects American Axle India to add Rs. 1,000 crore to consolidated revenue from Q2. Management sees Q2 as weaker but hopeful it marks the cycle low, with H2 expected to be stronger.
Near-term standalone margins remain under pressure from tariffs and low utilisation, but the H2 recovery narrative, defence pipeline visibility, and overseas aluminium turnaround offer a positive medium-term setup for shareholders.