Bharat Forge Limited is a leading global provider of critical and high-performance components and solutions across sectors such as automotive, aerospace, defense, and others. It has a diverse product portfolio catering to various industries, showcasing its wide operational scope and market presence.

In Q2 FY26, Bharat Forge faced challenges with declining revenues due to weak North American truck production, yet maintained a solid EBITDA margin of 28%. This highlights the company’s resilience in managing operational performance despite adverse market conditions.

The company's strategic focus on de-risking its business has led to strengthened revenues from Indian manufacturing operations, achieving Rs 2,746 Crores in this quarter. This indicates a strategic pivot towards domestic market opportunities in defense, aerospace, and industrial sectors.

Bharat Forge’s order book in the defense sector, valued at Rs 9,467 crores, underscores its expanding presence in this segment. The company has secured substantial new orders worth Rs 1,582 Crores, reflecting significant growth potential in the defense industry.

Despite the North American market's challenges, Bharat Forge shows resilience by focusing on opportunities in other regions, particularly within non-U.S. geographies. The diversification of its industrial business portfolio remains a key strategic intent for offsetting regional market weaknesses.