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Bharat Forge reports Q1FY26 consolidated loss amid restructuring costs

Bharat Forge's Q1FY26 results show a consolidated net loss driven by major restructuring costs in Germany, despite strong revenue growth in Forgings and Defence segments. The company simultaneously approved significant capital raising measures and strategic expansions into semiconductors and aerospace components.

10Aug 26

Bharat Forge Q2 Results: Margins Expected to Return to 27-28%

Bharat Forge has guided for a return to margins in the 27-28% range in the upcoming Q2 quarter. The company's management communicated this expectation, pointing to an anticipated improvement in profitability. The margin guidance reflects confidence in the company's near-term operational performance.

10Aug 26

Bharat Forge Co-MD Flags Ongoing Review of Global Manufacturing Strategy Amid Profitability Challenges

Bharat Forge's Co-Managing Director has flagged an ongoing review of the company's global manufacturing strategy amid profitability challenges. The senior leadership's remarks highlight a deliberate reassessment of international manufacturing operations. No specific financial figures or timelines were provided alongside the announcement. The development signals a strategic focus on addressing profitability pressures within the company's global business.

10Aug 26

Bharat Forge Latest Results: Growth Guidance Maintained at 20-25%

Bharat Forge has maintained its growth expectation in the range of 20% to 25%. The company's reiteration of this guidance highlights its confidence in sustaining business momentum. No additional financial data or quarterly metrics were available in the source material to provide further context.

10Aug 26

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.

05Aug 26

Bharat Forge Sees Sharp Drop in Class 8 Truck Orders

Bharat Forge has reported a sharp drop in Class 8 truck orders, indicating demand softness in the heavy commercial vehicle segment. Class 8 trucks form a significant part of the company's commercial vehicle business. The development underscores near-term headwinds in this key vertical for Bharat Forge.

23Jul 26

Bharat Forge Unit Kalyani Powertrain to Sell 50% Stake in REFU Drive GmbH for EUR 12,500

Kalyani Powertrain Limited, a wholly owned subsidiary of Bharat Forge, has agreed to divest its entire 50% equity stake in REFU Drive GmbH to REFU Elektronik GmbH for EUR 12,500 via a Definitive Agreement dated July 22, 2026. The transaction, classified as a related party deal on an arm's length basis, is expected to close within six weeks. REFU Drive GmbH reported revenue of Euro 14,418,688 and a negative net worth of Euro 3,226,560 in the last financial year.

22Jul 26

Bharat Forge, FLYING WHALES partner to develop heavy-lift airships

Bharat Forge Limited and FLYING WHALES have signed a strategic MoU to develop and manufacture heavy-lift airships in India for defence and national security applications. The partnership centers on the LCA60T platform, capable of carrying 60 tonnes, and aims to build an indigenous ecosystem under the Make in India initiative. The collaboration targets logistics, surveillance, and disaster relief, while boosting high-tech employment and export potential.

21Jul 26

Bharat Forge schedules 65th AGM on August 11, 2026

Bharat Forge Limited has scheduled its 65th Annual General Meeting for August 11, 2026, via Video Conferencing. The agenda includes the adoption of financial statements for the year ended March 31, 2026, and the declaration of a final dividend of ₹6.50 per equity share. The Board has also recommended the reappointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director.

20Jul 26

Goldman Sachs Initiates Coverage on Bharat Forge at Neutral with Target Price of ₹2,120

Goldman Sachs has initiated coverage on Bharat Forge with a Neutral rating and a target price of ₹2,120. The brokerage identifies recovery in global commercial vehicle demand, defence execution, European restructuring, and strong EPS growth as key positives. However, Goldman Sachs concludes that these growth drivers are largely balanced by the company's current valuations, resulting in the Neutral stance.

17Jul 26

Bharat Forge reports lower GHG emissions in FY26 BRSR

Bharat Forge filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing a reduction in total Scope 1 and Scope 2 greenhouse gas emissions to 2,53,313 tCO2e from 2,59,718 tCO2e in the previous year. The company increased its renewable energy consumption to 38.02% of total electricity consumed and reported a 20.81% rise in recycled water usage. KPMG Assurance and Consulting Services LLP provided reasonable assurance for the report.

06Jul 26

North America Class 8 Truck Orders Surge 231% YoY to 31.4K Units in June

North America Class 8 truck orders for June reached 31.4K units, marking a 231% year-over-year increase. This significant rise in heavy-duty truck orders reflects a strong recovery in North American commercial vehicle demand. The Class 8 segment is a key market indicator for Bharat Forge, given its exposure to North American commercial vehicle components. The surge in order volumes points to improved fleet activity and freight demand in the region.

03Jul 26

Bharat Forge fixes record date for ₹6.50 dividend

Bharat Forge Limited has announced Friday, July 3, 2026, as the record date for a final dividend of ₹6.50 per equity share for FY26. The dividend, recommended by the Board on May 7, 2026, is subject to shareholder approval at the 65th AGM on August 11, 2026, and will be paid on or after August 14, 2026.

27Jun 26

Bharat Forge schedules investor meetings on June 29, 2026

Bharat Forge has scheduled meetings with analysts and institutional investors, including DSP Mutual Fund, HSBC Mutual Fund, and Jetha Global, on June 29, 2026. The interactions will be held in physical and virtual formats in Pune to discuss business updates without disclosing unpublished price sensitive information.

25Jun 26

Bharat Forge unit completes 90% stake buy in RS Aerostructures

BF Industrial Solutions, a wholly owned subsidiary of Bharat Forge, completed the acquisition of a 90% stake in RS Aerostructures on June 24, 2026. The deal involved the purchase of 36,00,000 equity shares of ₹10 each at par, representing 90% of the paid-up share capital of RS Aerostructures on a fully diluted basis. Consequently, RS Aerostructures has become a step-down subsidiary of Bharat Forge, expanding the group's presence in the aerospace manufacturing sector.

24Jun 26

Bharat Forge schedules analyst meeting on June 24

Bharat Forge has scheduled a virtual meeting with analysts and institutional investors for June 24, 2026. The company will engage with Canara Robeco Asset Management in a one-on-one format. The interaction is subject to change due to potential logistical conflicts or exigencies.

22Jun 26

Bharat Forge Wins ₹425 Crore MoD Deal to Supply 12 Marine GTGs to Indian Navy

Bharat Forge has secured a ₹425 Crore contract from the Ministry of Defence to supply 12 Marine Gas Turbine Generators (1.25 MW each) to the Indian Navy for Kolkata class ships, to be executed over 5 years under the Buy (Indian) category of DAP-2020. The deal marks the company's entry into the marine gas turbine business and will deliver the first indigenous GT-based power plant aboard Indian Naval ships, with Bharat Forge also establishing a dedicated Integration and Test facility for GTGs.

20Jun 26

Bharat Forge sets TDS rules for ₹6.5 final dividend

Bharat Forge Limited has outlined the TDS compliance requirements for its final dividend of ₹6.5 per share for FY26. The company set the record date as July 3, 2026, and specified tax deduction rates for residents and non-residents. Shareholders must submit relevant documents by the record date to avoid higher tax deductions.

19Jun 26

Bharat Forge's KSSL and AM General Join Forces for Global Artillery Systems

Kalyani Strategic Systems Limited (KSSL), a wholly owned defence subsidiary of Bharat Forge, signed a strategic partnership with AM General at Eurosatory 2026 in Paris to offer Next-Gen Mounted Artillery gun platforms for global armies. The collaboration includes a proposal for the U.S. Army's Mobile Tactical Cannon program, leveraging KSSL's MARG platform with a 52-Caliber 155mm Cannon and patented Soft Recoil Technology, with delivery planned in 2027.

17Jun 26

Bharat Forge Arm KSSL Launches Simha 4x4 Armoured Vehicle at Eurosatory 2026

Kalyani Strategic Systems Limited (KSSL), a wholly-owned subsidiary of Bharat Forge Limited, has launched the Simha 4x4, a modular Light Armoured Multi-Purpose Vehicle, at Eurosatory 2026 in partnership with Paramount. The ab initio designed vehicle supports missions including reconnaissance, border protection, and special operations, and is built around NATO qualified aggregates for rapid global industrialisation. The launch reinforces the KSSL-Paramount strategic partnership in delivering sovereign defence solutions across global markets.

15Jun 26

Supreme Court Encourages Mediation in ₹1 Lakh Crore Kalyani Family Dispute, Seeks Responses by July 13

The Supreme Court has encouraged mediation in the ₹1 lakh crore Kalyani family dispute connected to Bharat Forge, requesting responses from parties by July 13. The court's intervention signals a preference for an alternative dispute resolution mechanism to address the high-value matter. The July 13 deadline marks a key procedural milestone in the ongoing legal proceedings.

10Jun 26

Bharat Forge Working on Semiconductor Initiatives: CNBCTV18

Bharat Forge is reported to be working on semiconductor-related initiatives, as per CNBCTV18. The available information does not elaborate on the specific scope, scale, investment, or timeline associated with the initiative. The development reflects the company's engagement in the semiconductor space.

10Jun 26

Bharat Forge Secures Largest Army Carbine Order, Targets Defence Growth With 40% Export Revenue

Bharat Forge has announced its largest army carbine order, reinforcing its position in the defence manufacturing sector. The company reports strong demand from India, the United States, and Europe, with 40% of its defence revenue currently generated from exports. Bharat Forge has highlighted significant growth potential in the defence segment, reflecting its strategic focus on both domestic and international defence markets.

10Jun 26

Bharat Forge Records ₹20.32 Crores Block Trade on NSE at ₹1897.00 Per Share

Bharat Forge recorded a block trade on the NSE involving approximately 1,07,096 shares at ₹1897.00 per share, aggregating to a total transaction value of ₹20.32 crores. Such block trades are generally associated with institutional market participants executing large-volume orders. The trade highlights significant activity in Bharat Forge shares on the NSE platform.

05Jun 26

Bharat Forge fixes July 3 record date for ₹6.50 final dividend

Bharat Forge has fixed July 3, 2026, as the record date for a final dividend of ₹6.50 per share, subject to AGM approval. The payment will be made on or after August 14, 2026.

02Jun 26

Bharat Forge schedules analyst and investor meetings in June

Bharat Forge Limited has scheduled meetings with analysts and institutional investors in Mumbai and Chennai on June 3, 5, and 8, 2026. The events include the Morgan Stanley India Investment Forum, a Motilal Oswal non-deal roadshow, and the ICICI Investor Conference. The company confirmed no unpublished price sensitive information will be discussed, in compliance with SEBI regulations.

20May 26

Bharat Forge Signs MoU for India's First Private MGT Facility

Bharat Forge Limited signed an MoU with the Andhra Pradesh Government to establish India's first private-sector Marine Gas Turbine facility at Visakhapatnam. The project, spanning ~80 acres, will be developed in two phases focusing on repair, overhaul, and indigenous development of gas turbines. It aims to create ~750 jobs and aligns with national strategic goals like Aatmanirbhar Bharat.

19May 26

Bharat Forge's Agneyastra Energetics Breaks Ground on 1,000-Acre Defence Facility in Andhra Pradesh

Bharat Forge's Agneyastra Energetics Limited has broken ground on a 1,000-acre integrated defence manufacturing campus near Madakasira, Andhra Pradesh, with a planned investment of ₹1,500 crore over 2–4 years. The facility will focus on advanced energetics, ammunition, propellants, and pyrotechnic systems, aligning with India's Aatmanirbhar Bharat vision. The project is expected to generate approximately 800 direct and 2,500 indirect jobs, reinforcing Andhra Pradesh's position as a key aerospace and defence manufacturing hub.

14May 26

Bharat Forge Shareholders Approve Re-appointment of Two Executive Directors via Postal Ballot

Bharat Forge Limited concluded its postal ballot on April 22, 2026, with shareholders approving the re-appointment of Mr. B. P. Kalyani (DIN: 00267202) and Mr. S. E. Tandale (DIN: 00266833) as Whole-Time Directors designated as Executive Directors for five consecutive years from May 23, 2026 to May 22, 2031. The resolution for Mr. B. P. Kalyani was passed with 99.29% votes in favour (40,67,91,214 shares), while Mr. S. E. Tandale's resolution received 99.28% votes in favour (40,67,89,355 shares). The scrutinizer declared 1,11,239 votes as invalid in both cases. The certified true copy of proceedings was submitted to stock exchanges on May 14, 2026 from Pune.

14May 26

Bharat Forge Receives Income Tax Appellate Order with Penalty Reduced to Rs. 85,29,661 for FY 2016-17

Bharat Forge Limited received an income tax appellate order dated May 11, 2026, under Section 250 of the Income Tax Act, 1961, reducing the penalty to Rs. 85,29,661 for under-reporting of income for FY 2016-17. The company is in the process of filing a further appeal before ITAT, Pune, and has confirmed there is no material impact on its financials, operations, or other activities.

12May 26

Bharat Forge Secures Long-Term Embraer Contract for Landing Gear Forgings

Bharat Forge has entered into a long-term contract with Embraer to manufacture and supply critical landing gear forgings, covering both commercial and defence aircraft programs. The deal makes Bharat Forge the first Indian supplier of forged components in Embraer's global aerospace supply chain, with leadership highlighting the milestone as a testament to the company's aerospace manufacturing capabilities and a step toward scaling critical structural components.

12May 26

Bharat Forge Q4 & FY26 Results: Earnings Call Highlights Growth Targets and Strategic Initiatives

Bharat Forge reported FY26 consolidated revenue of ₹168,116.53 million and net profit of ₹10,893.98 million, with standalone EBITDA margin at 27.50%. The company secured ₹4,814 crores in new business orders, holds a defense order book of ~₹11,000 crores, and acquired stakes in K Drive and Fortuna Engineering. Management targets approximately 25% growth in India operations for FY27, with ongoing capex of ₹800–₹850 crores over a 15–18 month period.

09May 26

Bharat Forge Completes 30% Stake Acquisition in Fortuna Engineering Private Limited

Bharat Forge Limited completed the acquisition of a 30% stake in Fortuna Engineering Private Limited (FEPL) on May 08, 2026, acquiring 27,08,754 equity shares at ₹10 face value and ₹478.45 premium per share under Tranche I. Following the transaction, FEPL has become an Associate Company of Bharat Forge, as disclosed under Regulation 30 of SEBI LODR Regulations, 2015.

08May 26

Kotak Securities Maintains Sell Rating on Bharat Forge, Raises Target Price to ₹1300

Kotak Securities has maintained a Sell rating on Bharat Forge, raising its target price to ₹1300 from ₹1250. The brokerage acknowledges positive catalysts such as domestic auto recovery, bottoming of US/EU CV cycles, and growth in defence, casting, and aerospace, but notes these are already priced in. Weak execution and expensive valuations are cited as the primary factors limiting upside potential for the stock.

06May 26

Morgan Stanley Maintains Overweight on Bharat Forge, Sets Target Price at ₹1,978 on Truck Demand Recovery and Defence Tailwinds

Morgan Stanley has maintained an Overweight rating on Bharat Forge with a target price of ₹1,978, backed by a 201% year-on-year jump in US Class 8 truck April orders and an improved production outlook. Rising defence exposure is identified as a key FY27 earnings driver for the company. The brokerage continues to monitor freight trends and tariff developments as potential variables affecting the outlook.

04May 26

Bharat Forge Board Meet on May 7 for Q4FY26 Results and Analyst Call

Bharat Forge has scheduled its board meeting on May 7, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and consider a final dividend recommendation. Alongside, the company has organized an Analyst/Investor Conference Call from 3:30 PM to 4:30 PM IST on the same date, with senior management including Vice Chairman Amit Kalyani and CFO Kedar Dixit participating to discuss Q4 and FY26 financial performance.

30Apr 26

Bharat Forge Acquires 30% Stake in Fortuna Engineering for ₹129.60 Crore

Bharat Forge has entered into agreements to acquire a 30% stake in Fortuna Engineering Private Limited for ₹129.60 crore, with an option to acquire additional stake for majority control. The target company, established in 1989 in Nashik, specializes in manufacturing connecting rods and camshafts for automotive applications, reporting sales of ₹322.50 crore in FY2025.

27Apr 26

Bharat Forge Launches Vikram VT 21 Advanced Armoured Vehicles With DRDO Partnership

Bharat Forge, in collaboration with DRDO, has launched the Vikram VT 21 advanced armoured platforms project, achieving the remarkable feat of developing battle-ready vehicles within three years from concept to deployment. The project encompasses both wheeled and tracked platforms that have cleared Ministry of Defence technical evaluations, positioning Bharat Forge to address the Indian Armed Forces' evolving requirements while strengthening India's indigenous defence manufacturing capabilities.

25Apr 26

Bharat Forge Limited Completes Postal Ballot for Director Re-appointments with Overwhelming Shareholder Support

Bharat Forge Limited completed its postal ballot voting on April 24, 2026, with shareholders overwhelmingly approving the re-appointment of Mr. B.P. Kalyani and Mr. S.E. Tandale as Executive Directors. Both ordinary resolutions received over 99% support from valid votes cast, demonstrating strong shareholder confidence in the leadership team. The e-voting process ran from March 24 to April 22, 2026, under the supervision of scrutinizer Ms. Ashwini Inamdar, ensuring transparency and regulatory compliance.

17Apr 26

Bharat Forge: Subsidiary BFISL Plans To Buy 90% Of R.S. Aerostructures

Bharat Forge Limited announced its wholly-owned subsidiary BF Industrial Solutions Limited will acquire 90% stake in RS Aerostructures Limited for Rs. 36 Million. The Bangalore-based target company specializes in aerospace structural assembly business and will help expand Bharat Forge's aerospace product portfolio and South India manufacturing presence.

09Apr 26

Bharat Forge Board Approves EUR 30 Million Financing for German Unit Restructuring

Bharat Forge's board meeting on April 9, 2026, approved a comprehensive restructuring plan for its German subsidiary BF CDP GmbH's steel forging operations in Ennepetal. The proposal includes potential orderly wind-down and solvent liquidation under German laws, with EUR 30 million financing approved to facilitate the process amid market challenges and cost disadvantages.

08Apr 26

Bharat Forge Confirms Compliance with SEBI Dematerialization Regulations for Q4FY26

Bharat Forge Limited confirmed compliance with SEBI dematerialization regulations for Q4FY26, filing a certificate on April 8, 2026, stating all dematerialization requests were processed within stipulated timelines. The confirmation was supported by RTA MUFG Intime India Private Limited, which verified proper handling of securities dematerialization, including acceptance/rejection procedures, certificate cancellation, and timely substitution of depositories' names in member registers.

25Mar 26

Jefferies Issues Buy Rating on Bharat Forge with Target Price of Rs 2150

Jefferies has assigned a Buy rating to Bharat Forge with a target price of Rs 2150, driven by the company's defense capabilities expansion and strong Indian government domestic procurement focus. The brokerage also highlights the rebound in US truck orders and revival in US industrial activity as key factors supporting both defense and industrial growth segments.