Bharat Forge Ltd — Q1FY27 earnings call summary

Filed 13 August 2026 · Official transcript

Q1 FY27 standalone revenue 23.47bn INR +11.5% y-y; EBITDA 6.14bn INR +4.5% y-y; margin 26.2% impacted by 160 bps cost inflation
Capex guidance ~18bn INR for FY27-28 focused on forging, machining, ring rolling, energetics plant
US steel operations faced 3-month press breakdown causing EBITDA loss; recovery expected in Q2
Manpower and energy supply issues easing; margin recovery gradual through FY27
New Odisha mega site approval expected by end 2026; plant operational ~2.5 years post-approval
Defense order book at 111.96bn INR; new orders in forging, defense, casting secured
Fundraise of up to 25bn INR planned for growth capex and M&A
Consolidated Q1 revenue 46.4bn INR +18.7% y-y; EBITDA 7.52bn INR +10.3% y-y; margin 16.2%