Bharat Forge: Diversification, Defence Orders and a Bigger India Manufacturing Push

The presentation reports consolidated revenue from operations of INR 168,117MM in FY26.

Adjusted EBITDA increased from INR 25,579MM in FY24 to INR 29,267MM in FY26, and profit after tax increased from INR 9,102MM to INR 10,894MM over the same period.

The presentation states an INR 111,967MM executable defence order book as of 30 June 2026.

The presentation states 36 manufacturing facilities as of 30 June 2026, with 28 in India, 6 in Europe and 2 in the United States.

The presentation states INR 18,000MM of growth capex planned across businesses under the Bharat Forge 2.0 strategy.

The presentation highlights automotive and industrial businesses, and scaling platforms in defence, aerospace, semiconductors and data centres.