Bharat Forge Limited — PPTs, 07-05-2026: Investor Presentation

**1. Business Performance:**

Bharat Forge's consolidated FY26 revenue climbed 11.2% to ₹16,812 Cr, with EBITDA up 5.9% to ₹2,921 Cr. Standalone FY26 revenue was ₹8,396 Cr (down 5.1%), but Q4 standalone revenue showed an 8.5% QoQ rebound to ₹2,260.5 Cr. This was fueled by export recovery and strong domestic Commercial Vehicle & passenger car demand.

**2. Growth Drivers or Strategy:**

Strategic moves include reorienting K-Drive Mobility's product portfolio with new EV platform wins and restructuring European steel operations. The company recognized a ₹450 Cr impairment on E-mobility investments to refine its EV approach.

**3. Recent Developments:**

FY26 saw new orders worth ₹4,814 Cr, with Defence securing ₹2,816 Cr, boosting its order book to a robust ₹10,961 Cr. New aerospace customers were also onboarded for key components.

**4. Key Financial Metrics:**

Q4 standalone EBITDA rose 7.2% QoQ to ₹610.3 Cr, achieving a 27% margin. Standalone net debt-to-equity remains strong at 0.18x.

**5. Management Commentary / Outlook:**

Management projects a robust 25% revenue growth for Indian manufacturing in FY27, expecting higher EBITDA and profitability. This is pegged on strong order execution and export market recovery, barring major geopolitical events.