Q2 2026 Bharat Forge Ltd Earnings Call Transcript
Key Points
- Bharat Forge Ltd (BOM:500493) reported strong standalone EBITDA margins of 28% despite a challenging environment.
- The company has a robust balance sheet with consolidated cash reserves of about INR2,300 crores.
- Aerospace now accounts for about 13% of Bharat Forge Ltd (BOM:500493)'s industrial exports, with expectations for continued growth.
- The company secured new business worth INR1,582 crores across key segments, including defense and industrial components.
- Bharat Forge Ltd (BOM:500493) is focusing on expanding its presence in the Indian market, which is seen as a high-growth opportunity.
- Standalone revenues saw a quarter-over-quarter decline of 7.5%, primarily due to a significant drop in North American CV exports.
- CV exports to North America decreased by 48% sequentially and 67% year-over-year.
- The company's overseas steel business and EV business in India are identified as weak spots needing improvement.
- Tariff charges impacted the company's profitability, with INR24 crores accounted for in the quarter.
- The geopolitical situation between India and the US remains unresolved, adding uncertainty to future performance.
Ladies and gentlemen, good day and welcome to the Q2 and H1F526 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.
Yeah. Hi. Thank you. Iâm joined here. First of all, very warm welcome to all our friends in the analyst community, and the investor community. Thank you for joining our Q2 Investor call. We are joined here -- well, I'm joined here by our Finance, Investor Relations, and Global Business Development teams. I will first have Mr. Kedar Dikshit, our CFO, take you through our numbers, and then I'll take you through a short overview, and then we'll do a Q&A.
Thank you and welcome to Bharat Forge conference call. Talking about
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