Bharat Forge Limited — PPTs, 10-08-2026: Investor Presentation

Bharat Forge delivered a strong Q1 FY27. Consolidated revenue jumped 18.7% YoY to ₹4,640 Cr, with EBITDA up 10.2% YoY at ₹752 Cr. Standalone business saw 11.5% YoY topline growth to ₹2,347 Cr, maintaining a solid 26.2% EBITDA margin despite cost pressures. Exports, especially HHP Engines and Aerospace, performed well, while domestic industrial growth was boosted by Defence.

The company plans to invest ₹1,800 Cr over 12-18 months in dedicated forging & machining capabilities for sunrise sectors like Defence, Aerospace, and semiconductors, including an energetics plant, to drive future revenues.

Recent highlights include Indian operations securing new orders worth ₹1,352 Cr, with Defence contributing ₹681 Cr. A significant win was a large naval order for 12 Marine Gas Turbine Generator sets. The outstanding Defence orderbook is now ₹11,196 Cr. The board also approved raising up to ₹2,500 Cr.

Management maintains an FY27 growth outlook of 20-25% for the Indian manufacturing business, expected to be more pronounced in H2. They are also re-evaluating their global manufacturing footprint to address profitability challenges in some overseas units, anticipating HHP and Aerospace momentum to strengthen in H2.