Bharat Forge Q1 Results: Revenue Jumps to ₹46B; EBITDA Margin Contracts
Bharat Forge reported Q1 consolidated revenue of ₹46B, up from ₹39B year-on-year and ahead of the ₹45.90B estimate, while EBITDA rose to ₹7.1B from ₹6.7B but missed the ₹7.83B estimate. EBITDA margin contracted to 15.3% from 17.2% YoY, falling short of the 17% estimate, and consolidated PBT remained flat at ₹4.1B. The results were discussed at an investor conference call on August 10, 2026, attended by senior management including Vice Chairman Amit Kalyani.
*this image is generated using AI for illustrative purposes only.
Bharat Forge Limited has reported its consolidated financial results for the first quarter ended June 30, 2026, with revenue rising to ₹46B from ₹39B in the same period last year, reflecting strong top-line growth on a year-on-year basis. The results were discussed during an Analyst/Investor Conference Call held on Monday, August 10, 2026, from 3:30 PM to 4:30 PM IST, as announced through a regulatory filing dated August 05, 2026, submitted to BSE Limited and the National Stock Exchange of India Limited, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q1 Financial Performance
Bharat Forge's Q1 consolidated results reflect revenue growth ahead of estimates, though EBITDA margin came in below expectations. The following table presents the key financial metrics for the quarter:
| Metric: | Q1 FY27 | Q1 FY26 (YoY) | Estimate |
|---|---|---|---|
| Revenue: | ₹46B | ₹39B | ₹45.90B |
| EBITDA: | ₹7.1B | ₹6.7B | ₹7.83B |
| EBITDA Margin: | 15.3% | 17.2% | 17% |
| PBT (Consolidated): | ₹4.1B | ₹4.1B | — |
While revenue surpassed the estimate of ₹45.90B, EBITDA of ₹7.1B came in below the estimate of ₹7.83B. The EBITDA margin contracted to 15.3% from 17.2% in the year-ago period, also falling short of the estimated 17%. Consolidated profit before tax remained flat at ₹4.1B year-on-year.
Conference Call Details
The Q1 results were declared on the same day as the conference call. The following table summarises the key details of the event:
| Parameter: | Details |
|---|---|
| Event: | Analyst / Investor Conference Call — Q1FY27 Results |
| Date: | Monday, August 10, 2026 |
| Time: | 3:30 PM – 4:30 PM IST |
| Results Period: | Quarter ended June 30, 2026 |
Access Numbers
Participants joined the call through the following dial-in numbers:
| Region: | Access Number |
|---|---|
| India (Universal Access): | +91 22 6280 1333 / +91 22 7115 8234 |
| USA Toll Free: | 1 866 746 2133 |
| UK Toll Free: | 0 808 101 1573 |
| HK Toll Free: | 800 964 448 |
| Singapore Toll Free: | 800 101 2045 |
Participants were requested to dial in at least 15 minutes in advance. The company also provided a DiamondPass registration link to help participants avoid wait time.
Senior Management Participation
The following senior management representatives of Bharat Forge Limited participated in the conference call:
- Mr. Amit Kalyani — Vice Chairman & Joint Managing Director
- Mr. Subodh Tandale — Executive Director
- Mr. Kedar Dixit — Sr. VP & CFO
The filing was signed by Tejaswini Chaudhari, Company Secretary and Compliance Officer (Membership No.: A18907), on behalf of Bharat Forge Limited. For RSVP and further queries, participants could reach out to Mr. S Rajhagopalan (Tel: +91 98601 44866 | Email: srajhagopalan@bharatforge.com ) or Mr. Chinmay Chhatre (Tel: +91 99305 12932 | Email: chinmay.chhatre@bharatforge.com ).
Historical Stock Returns for Bharat Forge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.56% | -1.94% | -4.61% | +10.45% | +80.14% | +176.99% |
What specific cost pressures or input price fluctuations contributed to the EBITDA margin contraction to 15.3% despite strong revenue growth?
How does management plan to address the gap between actual EBITDA of ₹7.1B and the estimated ₹7.83B in upcoming quarters?
Will the company revise its full-year FY27 guidance given the mixed performance of top-line growth versus bottom-line profitability?
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