BHARAT FORGE LTD

During the earnings conference call held on August 10, 2026, management reported that Bharat Forge Limited achieved standalone revenues of INR 2,347 crores for Q1 FY27, reflecting an 11.5% year-over-year increase. EBITDA was reported at INR 614 crores, up 4.5% YoY, with a margin of 26.2%, impacted by rising energy and logistics costs. Consolidated revenues reached INR 4,640 crores, an 18.7% increase YoY, with EBITDA at INR 752 crores and a margin of 16.2%. Management highlighted strong performance in defense and exports, securing new orders totaling INR 1,353 crores across various segments. The restructuring of the steel business in Germany is on track, with an estimated completion by the end of 2027. Management also discussed plans for a fundraise of up to INR 2,500 crores aimed at growth capex in various sectors, including aerospace and defense. Overall, management characterized the quarter as reasonable despite challenges.

Management highlighted both growth opportunities and challenges faced during the quarter.