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Bharat Forge Q1 Revenue Dips 2.7% Amid Global Uncertainties

Bharat Forge experienced a 2.7% year-on-year decrease in standalone revenue for Q1, reaching Rs 2,105.00 crores. Standalone EBITDA fell 6.5% to Rs 588.00 crores. Consolidated revenue increased by 1.5% to Rs 3,909.00 crores, with EBITDA at Rs 682.00 crores. The company secured new business worth Rs 850.00 crores across segments. US aluminum operations showed improvement with positive EBITDA. Bharat Forge expects Q2 to be weaker but anticipates a stronger second half. The recent acquisition of American Axle's India CV Assets is expected to add Rs 1,000.00 crores to consolidated revenue from Q2.

06Aug 25

Bharat Forge Inks ₹4.5 Billion Defence Business Transfer Deal with KSSL

Bharat Forge Limited has entered into a Business Transfer Agreement with its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to transfer its defence business assets and obligations for ₹4.50 billion. The deal includes an Intellectual Property Rights Licensing Agreement. This internal restructuring aims to streamline Bharat Forge's defence operations. The transaction won't affect the group's consolidated financial results. Bharat Forge's current defence order book stands at ₹9,463.00 crores, with expectations of securing new orders in the current fiscal year.

06Aug 25

Bharat Forge Co MD Warns of Challenging US Export Business Outlook

Bharat Forge's Co-Managing Director expresses caution for the US export business due to market cycle challenges and geographical factors. Q1 results show mixed performance with standalone revenue at ₹2,105.00 crore, down 2.70% sequentially, and export revenue declining 12.70%. The company is focusing on diversification, cost optimization, and growth in the defence sector to counter challenges. US tariffs and emission regulation changes in North America are key factors influencing the outlook. Despite challenges, US and European operations showed improvement in the April-June quarter.

06Aug 25

Bharat Forge Stock Falls as Management Warns of Challenging Year Ahead

Bharat Forge's Q2 standalone revenue fell 10% to ₹2,105 crore, missing estimates. EBITDA dropped 12.4% to ₹571 crore with margin compression. Management warned of a challenging year ahead, citing concerns about US export business due to tariff and emission norm changes. The company's shares declined 1.8% to ₹1,139.90. Despite challenges, Bharat Forge expects new defense orders and plans to review its European steel manufacturing footprint.

30Jul 25

Bharat Forge Expands Aerospace Footprint: Partners with Pratt & Whitney Canada and Plans New Ring Mill

Bharat Forge Limited (BFL) has announced a strategic partnership with Pratt & Whitney Canada for aerospace applications development. Additionally, BFL plans to establish a state-of-the-art ring mill dedicated to aerospace components, expected to be operational by 2026. The facility will produce high-performance products for aero-engine applications, adhering to global quality standards and supporting both domestic and international aerospace programs.

30Jul 25

Bharat Forge to Establish Advanced Ring Mill for Aerospace, Expanding Manufacturing Capabilities

Bharat Forge Limited (BFL) announces plans to construct a state-of-the-art ring mill facility for aerospace applications, following contracts with Pratt & Whitney Canada. The facility, expected to be operational by 2026, will produce high-performance components for aero-engine applications, adhering to global quality standards. This move expands BFL's aerospace manufacturing capabilities and supports both domestic and international aerospace programs, aligning with India's vision to become a global aerospace manufacturing hub.

18Jul 25

Bharat Forge Expands Global Defence Footprint with New Spanish Joint Venture

Bharat Forge's subsidiary, Kalyani Strategic Systems Limited (KSSL), has formed a joint venture with Duma Engineering Group S.L. in Spain. The new entity, Aegis Advanced Systems SL, was incorporated on July 17, 2025, with KSSL holding a 90% stake. The venture aims to develop defence technology and products for Indian, European, and other export markets. Initial investment by KSSL is EUR 2,700.00, with the company's authorized and paid-up capital set at EUR 3,000.00. This move is expected to enhance Bharat Forge's global defence presence and create growth opportunities in the sector.

17Jul 25

Bharat Forge Expands Global Defense Footprint with New Spanish Subsidiary

Bharat Forge's subsidiary, Kalyani Strategic Systems Limited (KSSL), has formed a joint venture named Aegis Advanced Systems SL in Spain. KSSL holds a 90% stake in the venture, investing EUR 2,700.00. The new entity aims to develop advanced technology and product platforms for defense markets in India, Europe, and other export destinations. The authorized capital of the company is EUR 3,000.00, fully paid up. This move is expected to enhance Bharat Forge's capabilities in the defense sector and provide access to new markets.

04Jul 25

Defence Stocks Surge as Rs 1.05 Lakh Crore Acquisition Proposals Approved

The Defence Acquisition Council has approved ten capital-acquisition proposals worth Rs 1.05 lakh crore under the Buy (Indian-IDDM) category. The approvals include armoured recovery vehicles, electronic warfare systems, surface-to-air missiles, and an integrated common inventory management system for tri-services. This move is expected to boost the Indian defence sector and support the 'Make in India' initiative by promoting indigenous defence manufacturing.

03Jul 25

Defence Stocks: Rs 1.05 Lakh Crore Acquisition Proposals Approved

The Defence Acquisition Council has approved 10 capital-acquisition proposals worth Rs 1.05 lakh crore under the Buy (Indian-IDDM) category. The approved equipment includes armoured recovery vehicles, electronic warfare systems, surface-to-air missiles, and an integrated common inventory management system for tri-services. This move aligns with the government's push for self-reliance in defence production and is expected to create opportunities for domestic defence manufacturers.

03Jul 25

Bharat Forge Expands Defence Capabilities with New Subsidiary 'Agneyastra Energetics'

Bharat Forge has incorporated a new step-down subsidiary named 'Agneyastra Energetics' to strengthen its presence in the defence sector. This strategic move aims to expand the company's defence capabilities, potentially leading to new product offerings, enhanced technological capabilities, and increased market share in the defence industry. The incorporation of Agneyastra Energetics aligns with Bharat Forge's broader strategy to diversify its portfolio and capitalize on opportunities in the growing defence market.

03Jul 25

Bharat Forge: Last Day to Buy Shares for Rs 6 Final Dividend Eligibility

Bharat Forge has declared a final dividend of Rs 6 per share for FY2025. July 3 is the last day to purchase shares to qualify for the dividend, with the record date set for July 4. Despite a 7.5% decline in Q4 revenue, the company reported increased net profit and improved EBITDA. The EBITDA margin also saw an uptick, indicating enhanced operational efficiency.

03Jul 25

Bharat Forge Faces Headwinds as U.S. Class 8 Truck Orders Plummet in June

Bharat Forge may encounter difficulties due to a significant downturn in U.S. Class 8 truck orders. June saw a 36% year-over-year drop in orders, totaling only 8,900 units, well below the 10-year average of 19,213. This decline could lead to reduced demand for Bharat Forge's components, potentially impacting its revenue from North American operations. The company might need to adjust its production and supply chain strategies in response to this market slowdown.

02Jul 25

Bharat Forge Expands Manufacturing Footprint with Acquisition of AAM India

Bharat Forge has completed the acquisition of AAM India Manufacturing Private Limited, enhancing its manufacturing capabilities in the auto component sector. This strategic move is expected to increase production capacity, potentially provide access to new technologies, and strengthen Bharat Forge's market position. The acquisition aligns with the company's growth strategy and may lead to operational synergies and improved competitiveness.

30Jun 25

Bharat Forge Reshapes Business: Defence Unit Transfer and AAM India Acquisition

Bharat Forge's Board of Directors has approved two major corporate actions. The company will transfer its defence business to KSSL and acquire AAM India for 7.70 billion rupees. These strategic moves aim to streamline operations and expand the company's portfolio, potentially impacting its position in both defence and automotive sectors.

18Jun 25

Bharat Forge Inks MoU with French Firm for Advanced UAV Production in India

Bharat Forge has signed an MoU with French company Turgis Gaillard to introduce AAROK, a medium-altitude long-endurance UAV, to the Indian market. The agreement includes local production of the UAV, supporting the 'Make in India' initiative. This collaboration aims to enhance India's defense capabilities, particularly in aerial reconnaissance. The primary customers for this advanced UAV system will be the Indian armed forces.

17Jun 25

Bharat Forge Inks MoU with French Firm for Advanced UAV Technology

Bharat Forge Ltd. has signed a Memorandum of Understanding with French company Turgis Gaillard to acquire unmanned aerial vehicle (UAV) technology. The agreement focuses on the transfer of Aarok, a Medium-Altitude Long-Endurance (MALE) class UAV designed for long-range surveillance missions. Bharat Forge will establish an Aarok production line at its facility, aligning with India's 'Make in India' initiative. This move is expected to enhance Bharat Forge's aerospace capabilities and strengthen its position in the defense sector.

17Jun 25

Bharat Forge Enters UAV Market with Turgis Gaillard Partnership

Bharat Forge has announced a partnership with French aerospace company Turgis Gaillard to introduce the Aarok Unmanned Aerial Vehicle (UAV) to India's defense forces. This collaboration marks Bharat Forge's strategic entry into the defense sector, aligning with India's push for self-reliance in defense technology. The partnership aims to enhance Indian defense capabilities by offering advanced aerial reconnaissance and surveillance through the Aarok UAV. This move represents a significant diversification for Bharat Forge, traditionally known for metal forming, as it positions itself in India's growing indigenous defense production market.

10Jun 25

Bharat Forge to Receive Mountain Gun System Technology from DRDO

The Defence Ministry has directed DRDO to transfer important technologies, including the Mountain Gun System, to Bharat Forge. This transfer is expected to significantly enhance Bharat Forge's defence capabilities, especially in producing advanced artillery systems for mountainous terrains. The move aligns with India's 'Make in India' initiative and aims to boost indigenous defence production. It's likely to expand Bharat Forge's product portfolio and increase its competitiveness in domestic and international defence markets.

29May 25

Bharat Forge Poised to Ramp Up Defence Production Capacity

Bharat Forge has announced its readiness to increase defence production capacity to meet growing sector demands. This move aligns with India's push for self-reliance in defence manufacturing and could open new revenue streams for the company. While specific details are not disclosed, this proactive approach signals Bharat Forge's intent to capitalize on opportunities in the defence sector.

28May 25

Bharat Forge Wins Legal Battle in Delhi High Court

Bharat Forge Limited and its subsidiary, BF Infrastructure, secured a significant legal victory in the Delhi High Court on May 26, 2025. The court ruled in favor of the companies, allowing their appeal. While specific details of the case remain undisclosed, this ruling is expected to have important implications for Bharat Forge's operations and legal standing.

27May 25

Delhi High Court Rules in Favor of Bharat Forge and Subsidiary

Bharat Forge Limited and its subsidiary, BF Infrastructure, have secured a favorable ruling from the Delhi High Court on May 26, 2025. The court allowed an appeal filed by the companies, marking a significant legal victory. While specific details of the case are not disclosed, such legal wins often strengthen a company's position and protect its business interests.

09May 25

Bharat Forge's Q4 Profit Surges 19.5% Despite Revenue Dip; Announces Rs 6 Per Share Dividend

Bharat Forge posted robust Q4 FY2024-25 results with net profit rising 19.5% to Rs 282.60 crore, despite a 7.5% revenue decline to Rs 3,914.70 crore. EBITDA grew 5.9% to Rs 681.00 crore, with an improved margin of 17.70%. The board recommended a final dividend of Rs 6.00 per share. The company's performance highlights its focus on operational efficiency and cost management in challenging market conditions.

09May 25

Bharat Forge Projects Strong Growth in Defense and E-Mobility Segments

Bharat Forge anticipates 15-20% growth in its defense segment by FY26. The company expects significant revenue increase from e-mobility products starting 2025, with profitability projected for the second half of 2025. These forecasts highlight Bharat Forge's strategic focus on high-growth sectors like defense and electric vehicles.

08May 25

Bharat Forge's Defence Order Book Surges Past Rs 9,000 Crore, Signaling Strong Growth

Bharat Forge has announced that its defence business order book has exceeded Rs 9,000 crore, marking a significant milestone. The company's Chairman and Managing Director, Baba Kalyani, projects a 15-20% growth in the defence vertical in the coming period. This achievement signifies Bharat Forge's expanding presence in the defence sector, diversifying from its traditional automotive focus and potentially leading to increased revenue, long-term stability, and an enhanced market position.

08May 25

Bharat Forge Reports 24% Profit Jump in Q4, Declares ₹6 Dividend Amid Mixed Performance

Bharat Forge Ltd. released Q4 FY2025 results showing a 24.44% increase in consolidated net profit to ₹282.62 crore, despite a 7.48% decrease in revenue. The company declared a dividend of ₹6.00 per share. Its defense order book reached ₹9,420.00 crore, with new contracts worth ₹6,959.00 crore secured in FY25. However, Bharat Forge anticipates a decline in its commercial vehicle business for FY26 and provided no export forecasts.

22Apr 25

CCI Greenlights Bharat Forge's Acquisition of AAM India with Modifications

Bharat Forge Limited has received approval from the Competition Commission of India (CCI) to acquire 100% equity shareholding in AAM India Manufacturing Corporation Private Limited. The approval comes with certain voluntary modifications. This acquisition is expected to strengthen Bharat Forge's position in the automotive components manufacturing industry and could potentially expand its manufacturing capabilities and market presence.

02Apr 25

Bharat Forge Launches 300,000 sq ft Defence Manufacturing Facility Near Pune

Bharat Forge has commenced operations at a new 300,000 square feet defence manufacturing facility near Pune, focusing on Advanced Towed Artillery Gun Systems. The company is fulfilling orders from India's Ministry of Defence and has begun exporting to friendly nations. This move aligns with India's goals for self-reliance in defense manufacturing and enhances the country's position as an emerging defense exporter.

27Mar 25

Bharat Forge Expands Defense Portfolio: New Joint Venture and Major Artillery Contract

Bharat Forge Limited has strengthened its defense sector presence through two significant developments. Its subsidiary, Kalyani Strategic Systems Ltd, formed a joint venture with Duma Engineering Group, holding a 90% stake. Additionally, Bharat Forge secured a contract with the Ministry of Defence to supply 184 Advanced Towed Artillery Gun Systems (ATAGS), representing 60% of a ₹6,900 crore procurement. The ATAGS, jointly developed with DRDO, aligns with India's self-reliance vision in defense.

26Mar 25

Bharat Forge Secures Major Defence Contract Amid Trading Window Closure

The Indian Defence Ministry has signed contracts with Bharat Forge and Tata Advanced Systems for artillery guns and gun towing vehicles, totaling ₹69 billion. This order is expected to strengthen Bharat Forge's position in defence manufacturing. Separately, Bharat Forge announced the closure of its trading window for designated persons from April 1, 2025, until 48 hours after the declaration of FY 2024-2025 financial results.

20Mar 25

Bharat Forge Set to Acquire AAM India Manufacturing, Expanding Its Commercial Vehicle Axle Business

Bharat Forge Limited has agreed to acquire a 100% stake in AAM India Manufacturing Corporation Private Limited (AAMIMCPL) for Rs. 5,445.30 crore. This acquisition includes AAMIMCPL's commercial vehicle axle business in Pune and Chennai, along with the Pune Engineering and Development Center. The move aims to enhance Bharat Forge's manufacturing capabilities and market presence in India's commercial vehicle sector. AAMIMCPL, a leading axle manufacturer, reported a turnover of Rs. 1,383.79 crore from its retained business in FY 2023-24. The deal is subject to regulatory approvals and is expected to close within 120 days of receiving clearance from the Competition Commission of India.

20Mar 25

Bharat Forge Shares Surge as Cabinet Approves ₹7,000 Crore Artillery Deal

Bharat Forge has won a major defense contract after the Cabinet approved a ₹7,000 crore deal for indigenous advanced towed artillery gun systems (ATAGS). This contract marks a significant milestone for the company, strengthening its position in the defense industry. The deal aligns with India's 'Make in India' initiative and showcases Bharat Forge's diversification beyond automotive components. While the exact number of guns to be produced by Bharat Forge is undisclosed, the company's shares surged following the announcement, reflecting positive investor sentiment.

07Mar 25

Bharat Forge Shares Witness Massive Rs. 50.25 Crore Block Trade on NSE

A significant block trade of 459,016 Bharat Forge shares occurred on the National Stock Exchange (NSE) at Rs. 1,094.70 per share, totaling Rs. 50.25 crores. The trade's purpose and parties involved remain unclear. Bharat Forge, a leading Indian multinational, specializes in metallurgical engineering and operates across various sectors including automotive, power, and aerospace.

06Mar 25

Bharat Forge's Kalyani Powertrain Inks Deal with Taiwan's Compal for Server Manufacturing in India

Kalyani Powertrain Limited (KPTL), a subsidiary of Bharat Forge, has entered into a Technology Licensing Agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India. The partnership aims to boost local manufacturing capabilities, aligning with India's 'Make in India' initiative. KPTL has already launched 'Made in India' servers from their Pune facility in February 2025. This collaboration is expected to advance India's AI, cloud, and data center ecosystem, providing tailored solutions for enterprises, cloud providers, and government organizations.

24Feb 25

Bharat Forge's Kalyani Powertrain Joins Forces with AMD to Boost India's Server Ecosystem

Bharat Forge's subsidiary Kalyani Powertrain has partnered with AMD to manufacture servers in India. The collaboration aims to strengthen India's server ecosystem and advance technological capabilities in high-performance computing. The servers will feature AMD's EPYC processors, with plans to incorporate AMD Instinct accelerators in the future. This initiative supports the 'Make in India' program and aims to provide high-performance, cost-efficient server solutions for various sectors including enterprises, cloud providers, and government organizations.

19Feb 25

Bharat Forge's Subsidiary KSSL Inks Landmark Deal with AM General for U.S. Cannon Supply

Bharat Forge's subsidiary, Kalyani Strategic Systems Ltd (KSSL), has signed a Letter of Intent with AM General to supply advanced artillery cannons to the United States. This marks the first-ever supply of cannons from an Indian defense manufacturer to the U.S., highlighting India's growing defense manufacturing capabilities. The agreement builds on existing collaborations for developing next-generation artillery solutions. Bharat Forge, through KSSL, continues to expand its defense portfolio with various indigenous weapon platforms and is already exporting globally.