Bharat Forge Limited — Investor Meet, 11-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bharat Forge Q1 FY26 standalone revenue was ₹2,105 Cr (-2.7%) with EBITDA at ₹588 Cr (-6.5%), impacted by tariff uncertainty and product mix. Consolidated revenue rose 1.5% to ₹3,909 Cr, with EBITDA at ₹682 Cr (17.4% margin), driven by overseas profitability and reduced losses in Kalyani Powertrain. The company absorbed ₹14 Cr in tariffs. Management expects H2 to be stronger, despite Q2 weakness from US exports. New business worth ₹850 Cr secured. American Axles acquisition adds to consolidated topline from Q2 FY26. Defense pipeline remains strong, including a potential ₹1,400 Cr carbine order. The company is confident in navigating challenges, shifting focus to India manufacturing, and expanding into new areas like servers and electronics.