BHARATFORG Bharat Forge Q3 FY26 results (Oct–Dec 2025) and concall
Bharat Forge delivered a strong Q3 FY26 for standalone operations, driven by domestic automotive and defense, with sequential revenue growth and stable margins. Indian subsidiaries, particularly JSA, showed robust performance. However, export revenues were affected by North American truck market destocking and US aluminum tariffs. The company secured significant new orders, especially in defense, and anticipates strong growth in defense and aerospace, alongside plans for a major specialty steel project in Odisha.
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What they filed
Q3 FY26: revenue up 24.9%, net profit up 28.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 3,689 | 3,476 | 3,853 | 3,909 | 4,032 +9% | 4,343 +25% |
| EBITDA | 647 | 623 | 679 | 670 | 724 +12% | 746 +20% |
| Net profit | 243 | 213 | 283 | 284 | 299 +23% | 273 +28% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
