Presentation of Investor Meet
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Forge reported consolidated FY26 revenue of Rs 16,812 Crores (up 11.2%) and EBITDA of Rs 2,921 Crores (up 5.9%). Standalone revenue declined 5.1% to Rs 8,396 Crores with EBITDA down 8.4% to Rs 2,312 Crore due to export weakness. Q4 standalone revenue grew 8.5% QoQ to Rs 2,260 Crore with EBITDA margin at 27%. The company secured Rs 4,814 Crores in new orders including Rs 2,816 Crores in Defence, with the Defence order book standing at Rs 10,961 Crores. Subsidiaries showed mixed performance: JS Autocast delivered Rs 757 Cr revenue with 14.3% EBITDA margin, while K-Drive Mobility is expanding into new EV platforms. The company took a Rs 450 Cr impairment on its E-mobility division and is restructuring its European steel business. Looking ahead to FY27, management guided for 25% revenue growth in Indian manufacturing operations.
The 25% growth guidance and strong defence order book signal confidence in execution, though the overseas operations remain a concern with continued losses. Shareholders should monitor export recovery and overseas restructuring progress.