Bharat Forge
Record standalone revenue ₹2,526 Cr (+30% YoY), but consolidated EBITDA up only 9%. US loss-making, Europe at 3% margin; H2 recovery hinges on cost pass-through.
ALFA Concalls
Every earnings call, live and summarised
Earnings calls
Every Bharat Forge earnings call we streamed: the live audio and our summary of what management said.
Record standalone revenue ₹2,526 Cr (+30% YoY), but consolidated EBITDA up only 9%. US loss-making, Europe at 3% margin; H2 recovery hinges on cost pass-through.
Record standalone revenue ₹2,526 Cr (+30% YoY), but consolidated EBITDA up only 9%. US loss-making, Europe at 3% margin; H2 recovery hinges on cost pass-through.
H2 stronger than H1 (unquantified); India manufacturing >₹5,000 Cr/quarter, +200-250bps margin, by end of next year; defence margins 20-25%.
Bharat Forge faces near-term export headwinds in North American CV markets while pivoting towards high-growth defense and aerospace segments to offset cyclicality.
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.
Bharat Forge faces a transitionary phase as North American CV exports decline sharply, partially offset by strong momentum in defense and aerospace segments.
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.
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.