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Earnings Call

Bharat Forge Earnings Call: Key Takeaways

Bharat Forge Q4 FY26 standalone revenue grew 8.5% QoQ to ₹22,605 million. Consolidated FY26 revenue reached ₹168,120 million, up 11.2% YoY, despite global demand challenges.

Highlights
MarginsStandalone EBITDA margin at 27.0%; Indian subsidiary JS Autocast at 14.3%.
Order bookDefence order book at ₹10,961 crores; new orders worth ₹4,814 crores.
Demand visibilityRecovery seen in North American truck market and domestic CV demand.
Management confidenceOptimistic FY27; targeting 25% revenue growth in Indian operations.

Growth

Consolidated Revenue +11.2%, EBITDA +5.9% in FY26. Standalone Q4 Revenue grew 8.5% QoQ driven by exports.

Outlook

FY27 guidance: 25% revenue growth with commensurate EBITDA increase for Indian manufacturing operations.

Risks

Regulatory volatility, demand challenges in US/Europe, and weak Oil & Gas fracking capex impacting industrial segment.

Source

Earnings Call filed with NSE, NSE: BHARATFORG. Summary written with AI assistance from the document.

Read the document ↗

Bharat Forge Ltd: key numbers

Share price
₹2,008.00
Market cap
₹98,125 Cr
Revenue (annual)
₹16,812 Cr
Net profit (annual)
₹1,080 Cr
P/E (TTM)
133.6×Sector 53.6×
Promoter holding
43.12%-0.95% QoQ
FII holding
15.18%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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