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Earnings Call

Bharat Forge Earnings Call: Key Takeaways

Bharat Forge reported FY26 consolidated revenue of ₹16,812 Cr (up 11%) and EBITDA of ₹2,921 Cr (up 6%). Strategy shifts toward aerospace, defense, and industrial exports to offset North American CV headwinds.

Highlights
Revenue growthConsolidated up 11% YoY; Standalone down 5% YoY.
MarginsStandalone EBITDA margin 27.5%; seeking mid-teen margins in new segments.
Order bookDefense order book at ₹11,000 Cr; new orders ₹4,814 Cr.
Demand visibilityStrong outlook for US and India CV; aerospace momentum building.
Management confidenceStrong confidence in India manufacturing and 25% growth target.

Growth

FY26 Consolidated revenue up 11% YoY; Standalone revenue ₹8,396 Cr down 5% due to US CV market challenges.

Outlook

Guided 25% growth for India business; Aerospace target ₹1,000 Cr+; Capex ₹800-850 Cr over 15-18 months.

Risks

Regulatory uncertainties in North America, US CV demand challenges, and rising energy costs impacting manufacturing margins.

Source

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

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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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