Bharat Forge FY26 Revenue at ₹16,812 Cr, EBITDA ₹2,921 Cr; FY27 Revenue Growth Target 25%
Bharat Forge reported FY26 consolidated revenues of ₹16,812 Cr (up 11.2%) and EBITDA of ₹2,921 Cr (up 5.9%). Standalone FY26 revenue was ₹8,396 Cr. The company secured new orders worth ₹4,814 Cr in FY26. For FY27, Bharat Forge anticipates 25% revenue growth for Indian operations.
The announcement provides key financial highlights for the full fiscal year and a strong growth outlook for the next fiscal year, which are material information for investors.
The company reported positive growth in consolidated revenues and EBITDA for FY26. The outlook for FY27 is optimistic with a target of 25% revenue growth, driven by order execution and export recovery.
Bharat Forge Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported consolidated revenues of ₹16,812 Crores and EBITDA of ₹2,921 Crores for FY26, representing a growth of 11.2% and 5.9% respectively.
On a standalone basis, FY26 revenues were ₹8,396 Crores, a decrease of 5.1%, with EBITDA at ₹2,312 Crore, down 8.4%. The net debt to equity ratio remained strong at 0.18x. In Q4 FY26, standalone revenue grew 8.5% sequentially to ₹2,260 crore, driven by export recovery, with EBITDA increasing by 7.2% QoQ to ₹610 Crore. The company secured new orders worth ₹4,814 Crores in FY26, including ₹2,816 crores in Defence, which now stands at an order book of ₹10,961 crores.
Subsidiaries like JS Autocast registered a topline of ₹757 Crore and EBITDA of ₹106 Crore in FY26. K-Drive Mobility is progressing with new order wins for EV platforms. The company has initiated restructuring of its steel business, expected to conclude by end of CY27.
Looking ahead to FY27, Bharat Forge is optimistic about achieving a 25% revenue growth for its Indian manufacturing operations, anticipating a commensurate increase in EBITDA and profitability, assuming no major geopolitical disruptions. This growth is expected to be driven by order execution and export market recovery.
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Bharat Forge Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bharat Forge Limited. Read the original for the full detail.