More Stories

Informist, Thursday, May 7, 2026

 

Please click here to read all liners published on this story

--Bharat Forge: Recovery in exports lifted co's Q4 performance 
--CONTEXT: Bharat Forge mgmt's comments in post-earnings call with analysts 
--Bharat Forge: Aerospace ops saw multiple business wins in Q4 
--Bharat Forge: See new opportunities in Europe for defence ops 
--Bharat Forge: To see highest growth from aerospace, defence, auto parts ops 
--Bharat Forge: See strong double-digit growth in aerospace ops in FY27 
--Bharat Forge:Class 8 truck fleet in US ageing, see demand remaining strong 
--Bharat Forge: Will get into manufacture of explosives 

 

By Anand JC and Prateem Rohanekar

 

MUMBAI – Bharat Forge Ltd. Thursday said that among all of its businesses, it sees the highest growth coming from its aerospace, defence, and automotive components in the coming year. "The aerospace business is now a meaningful part of our industrial exports and is now almost 26% of the last quarter's (March quarter) exports," a top official of the company told analysts in a post-earnings conference call.

 

Its aerospace business registered multiple new order wins across jet engine, structure, and landing systems from global original equipment manufacturers. The segment did business worth INR 4 billion in 2025-26 (Apr-Mar). "We will see a strong double-digit growth (in aerospace business), higher than the overall growth that we are anticipating for the country, significantly higher," the company said. 

 

For the March quarter, Bharat Forge reported a net loss of INR 1.18 billion on revenues of INR 22.60 billion. The company reported a revenue of INR 10.84 billion from its export business in the March quarter, up from INR 9.10 billion in the December quarter but down from INR 12.32 billion in the year-ago quarter. "The quarter-over-quarter improvement in performance was driven by all-around recovery in exports and strong performance in domestic automotive segment," the company said.

 

In FY26, Bharat Forge secured orders worth INR 48.14 billion across various segments, including INR 28.16 billion in its defence operations. The order book for this segment stood at INR 109.61 billion as of Mar. 31. "On the defence front, our business has spread well beyond artillery and vehicles to include small arm naval solutions and a wide variety of unmanned platforms, both sea and air...I particularly see new opportunities in Europe for our defence business," the company said.

 

Under its defence business, Bharat Forge produces armoured vehicles, artillery, howitzers, and unmanned systems. The company is planning to get into the manufacturing of explosives.

 

The company expects production of Advanced Towed Artillery Gun Systems, or ATAGs, to begin in the second half of FY27, followed by production of close-quarters battle carbines, or CQB carbines. "So, those are the two big milestones that will move the needle starting this year, and then it will continue next year and year after next as well," the company said, outlining the key milestones for its defence business. 

 

Bharat Forge recently announced the acquisition of 30% stake in Nashik-based Fortuna Engineering. Its management stressed that there were no other "inorganic" deals happening right now. However, the company will keep its eyes open for opportunities within India that fit its plans.

 

The Pune-based company is a major supplier of forged components for heavy-duty Class 8 trucks in North America. The segment contributes around 16% to its total revenue. The segment has been troubled by rising energy prices, which can cause softness in demand. However, Bharat Forge said that the ageing fleet of these trucks in the US would help demand remain higher for the rest of the year. "There is also an emission change coming in early next year, so it's a combination of all this. There is a strong hope that the demand in the US will remain strong," the company said.

 

On Thursday, its shares closed 6.4% higher at INR 1,992.90 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.