Bharat Forge Ltd — Q4FY26 earnings call summary

Filed 11 May 2026 · Official transcript

FY26 consolidated revenue INR 16,812 Cr +11%, EBITDA INR 2,921 Cr +6%
Standalone FY26 revenue INR 8,396 Cr -5% y-y; EBITDA margin 27.5%
FY27 India business growth guidance close to 25%
Aerospace FY26 revenue INR 400 Cr; strong double-digit growth expected
EV investments write-off due to slower-than-expected adoption
Strong outlook for US and India CV markets despite energy price concerns
Defense order book INR 11,000 Cr; ATAGS and CQB carbine production ramp-up H2FY27
Capex INR 800-850 Cr over 15-18 months for forging, casting, product platforms