Bharat Forge Limited has informed the Exchange about Investor Presentation
BHARATFORG · price
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Bharat Forge reported standalone Q3 FY26 revenue of Rs 2,084 crores, up 7% quarter-on-quarter, with EBITDA at Rs 569 crores (margin of 27.3%, down 70 bps QoQ) and PAT of Rs 288 crores. Consolidated revenue grew to Rs 4,343 crores with EBITDA of Rs 750 crores (17.3% margin). The company secured new orders worth Rs 2,388 crores in Q3, including Rs 1,878 crores in defence, taking the defence order book to Rs 11,130 crores. A key highlight was the CQB Carbine contract with the Ministry of Defence for over 250,000 units. North American truck export revenues fell 51% YoY due to de-stocking, though management indicated the worst is over. Guidance for Q4 FY26 and FY27 points to high double-digit topline growth supported by domestic strength, exports recovery, and ATAGS execution starting in H2 FY27.
Positive for shareholders — strong defence order inflows, a marquee MoD contract, and management's confident growth guidance signal improving momentum, though near-term margin pressure from product mix and tariffs warrants monitoring.