Q1 2026 Bharat Forge Ltd Earnings Call Transcript
Key Points
- Consolidated Q1 revenue increased by 1.5% quarter on quarter, reaching INR3,909 crores.
- Overseas aluminum operations showed improved performance with high utilization rates and positive EBITDA margins.
- Secured new business worth about INR900 crores across various sectors including defense.
- The acquisition of American Axle's India CV assets is expected to add INR1,000 crores to the consolidated top line for the year.
- Strong growth expected in the Aerospace sector with over 20% annual growth anticipated.
- Standalone Q1 revenue decreased by 2.7% due to global automotive disruptions and seasonality in the Aerospace business.
- Standalone EBITDA fell by 6.5% due to lower utilization and a different product mix.
- Tariff-related expenses impacted the financials, with INR14 crores absorbed in Q1.
- Uncertainty around tariffs is affecting the global outlook and causing disruptions.
- Q2 is expected to be weaker, driven by reduced US exports and ongoing tariff issues.
Ladies and gentlemen, welcome to the Q1 FY26 earnings conference call hosted by Bharat Forge Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Kalyani, Vice Chairman and Joint Managing Director, Bharat Forge Limited. Thank you and over to you, sir.
Good evening, ladies and gentlemen. And thank you for joining our quarter-one analyst and investor call. We are definitely in very interesting times. Given the undercurrents, I would take you through first the numbers, and then our team will take your Q&A. I have with me our Finance and Investor Relations teams.
Q1 revenue for Bharat Forge on a standalone was INR2,105 crores, which is about down by 2.7%. The uncertainties around the whole tariffs have created a lot of disruption in the global outlook for automotive global in the US and worldwide.
The pause in the emission norms have pushed out the prebuy effect,
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