Bharat Forge Ltd
Bharat Forge Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
4 of 5 strong
The short version
FY27 and FY28 expected to be remarkably strong years with sustained momentum across segments and geographies (Page 13). FY27 is expected to be a very good year with robust growth in the second half after overcoming temporary disruptions.
From Bharat Forge Ltd's Q1 FY27 earnings-call transcript · updated 28 Aug 2026.
Revenue & Sales Performance
- FY27 and FY28 expected to be remarkably strong years with sustained momentum across segments and geographies (Page 13).
- Aerospace business to double in size over the next 2 years, currently at INR400 crores (Page 9).
- Semiconductor business targeted to reach INR30-40 million organically in 2 years with plans to double after new machining facilities come online (Page 9).
- Data centre/energy business expected to double in the next 4 years with long-term contracts secured (Page 9).
- India manufacturing operations planned to grow at a 15% CAGR over the next 5 years (Page 9).
- K Drive (EV axles) to grow both in scale and margins with new plant planned in North India (Page 16).
- Overall strong growth outlook with new capex and product launches driving volume increases (Page 5, 13, 16).
- Resumption of US plant operations expected to improve margins and volumes (Page 16, 18).
Profitability & Margins
See what Bharat Forge Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Bharat Forge plans an organic capex of approximately INR 1,800 crores spread over forging, machining, heat treatment, ring rolling, and quality control assets.
- Capex targets growth in traditional sectors and new sectors like large engine, power generation, semiconductor components, aerospace, and an energetics plant in Andhra Pradesh for propellants and explosives.
- The capital raise of up to INR 2,500 crores is for funding this growth capex and to maintain a strong cash balance (~INR 2,000 crores) for further acceleration and potential M&A opportunities.
- New facilities include a modular shell filling plant (Andhra Pradesh) and manufacturing expansions in aerospace, semiconductor machining, and defense (naval power generation systems).
- The company aims for high capital output ratio and good margins from these investments, expecting completion in about 18 months.
- Additional smaller investments are planned for supporting new product lines like electrical generators and new manufacturing capacity in Baramati for the ring mill and forging.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Bharat Forge Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Defense order book stands at INR 11,196 crores as of the end of Q1 FY27.
- New orders secured during the quarter include:
- - Forging business: INR 522 crores
- - Defense: INR 681 crores
- - Ferrous casting: INR 150 crores
- Orders are being transferred within entities as part of restructuring, with sizable portions moving to India.
- The Marine Gas Turbine Generators order is cited as the largest naval order to date.
- The defense segment is expected to expand with new product rollouts and serial production starting this year.
- No specific total pending orders figure provided beyond the defense order book.
Bharat Forge Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.5K Cr, net profit ₹233 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bharat Forge Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Bharat Forge Ltd Q1 FY27 results?
FY27 and FY28 expected to be remarkably strong years with sustained momentum across segments and geographies (Page 13). FY27 is expected to be a very good year with robust growth in the second half after overcoming temporary disruptions.
What is Bharat Forge Ltd share price analysis?
Bharat Forge Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 97.7 with a market cap of ₹98,630 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bharat Forge Ltd planning capital expenditure?
Bharat Forge plans an organic capex of approximately INR 1,800 crores spread over forging, machining, heat treatment, ring rolling, and quality control assets.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.