Bharat Forge Ltd

The company said the strategic partnership between AM General and Kalyani Strategic Systems (KSSL) addresses the requirements of modern armies in an evolving combat scenario by providing compact, robust, lightweight, rugged, mobile, all-weather, all-terrain next-generation mounted artillery gun platforms with a distinct competitive edge. It added that the collaboration opens up significant global opportunities and is aimed at enabling broader allied distribution, positioning the platform as a scalable and exportable artillery solution for partner nations seeking modern, mobile, and survivable 155mm fire capabilities. As part of the collaboration, AM General has proposed participation in the U.S. Army's Mobile Tactical Cannon (MTC) programme. The proposal includes development and delivery of a 155mm MTC system based on KSSL's mounted artillery gun platform, with potential delivery targeted for 2027, subject to selection. The companies stated that the platform will incorporate advanced features including a 52-calibre 155mm cannon, Soft Recoil Technology (SRT), automated load-assist systems, and an all-weather fire control suite. The system is designed to offer enhanced mobility, reduced recoil stress, and a firing range exceeding 40 km. Amit Kalyani, vice chairman and joint managing director, Bharat Forge, the parent company of KSSL shared, 'Our partnership with AM General is underscored by trust in our advanced artillery capabilities, and confidence in our commitment to delivering leading-edge and combat-proven solutions that meet modern warfare requirements.' John Chadbourne, AM General President and CEO said, 'Working with KSSL signifies our mutual commitment to support our allies and, ultimately, the Warfighter. By integrating the patented soft recoil technology to their state-of-the-art and mature platforms, we will be delivering truly groundbreaking capabilities that can provide an advantage on the evolving battlefield.' At KSSL, we take pride in building designed and made in India, globally benchmarked defence platforms, driven by the purpose of delivering technologically advanced, strategic defence capabilities for India, and the world. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. The counter rose 0.48% to Rs 2,028.45 on the BSE. Powered by Capital Market - Live

Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, and Paramount, today unveiled Simha 4x4 - a next-generation Light Armoured Multi-Purpose Vehicle - at Eurosatory 2026. Designed and engineered from inception as a highly adaptable, modular and mission-configurable platform, the Simha 4x4 armoured vehicle addresses one of the most pressing capability requirements facing modern armed forces - the need for a protected, highly mobile, multi-role vehicle able to operate across a broad spectrum of missions ranging from reconnaissance, internal security and border protection to special operations, command-and-control, troop transport and force protection. The Simha 4x4 has been developed in record time, while prioritising rigorous product validation and testing, using advanced digital platforms.

The MArG family comprises three variants - MArG 39, MArG 45 and MArG 52 - built on a common 4'4 wheeled platform. The systems are designed to offer varying combinations of range, mobility and firepower while maintaining platform commonality. KSSL said the artillery systems are designed to provide armed forces with a highly mobile and rapidly deployable firepower solution while reducing logistics requirements compared with heavier tracked and wheeled platforms. The MArG series supports NATO-standard 155mm ammunition, including precision-guided munitions, and is intended for missions such as counter-battery operations, interdiction and fire support. The company showcased the MArG 39 variant at the exhibition. The system features a 155mm/39-calibre gun mounted on a 4'4 high-mobility vehicle and is designed for rapid shoot-and-scoot operations. According to KSSL, the platform can be brought into action in about 1.5 minutes during the day and carries up to 18 rounds of onboard ammunition. Bharat Forge said the new artillery platform is aimed at addressing the requirements of armed forces seeking mobile firepower solutions capable of operating across diverse terrains, including mountainous, desert and urban environments. The unveiling comes amid growing focus on indigenous defence manufacturing and increasing export opportunities for Indian-made military equipment. Kalyani Strategic Systems is the defence arm of the Kalyani Group and develops artillery systems, armoured vehicles, ammunition, small arms, marine platforms and unmanned systems. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Powered by Capital Market - Live

Kalyani Strategic Systems, the wholly-owned defence subsidiary of Bharat Forge, today introduced its line of Mounted Artillery Guns -the MArG series - on the opening day of Eurosatory 2026. Truck-mounted and built for manoeuvre, the MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces. The MArG series is a comprehensive family of 4'4 mounted 155mm artillery systems, engineered to give armed forces a single, common platform across three calibre configurations: ▪ MArG 39 (39 calibre) - Optimised for mobility and tactical flexibility ▪ MArG 45 (45 calibre) - Balanced range and firepower ▪ MArG 52 (52 calibre) - Extended-range, high-performance artillery solution. This product series enables armed forces to select optimal calibre configuration for their specific operational needs, terrain and mission profile, while retaining commonality in platform design, training and logistics.

Bharat Forge has fixed 03 July 2026 as record date for payment of final dividend of Rs 6.50 per equity share of face value of Rs 2 each for FY 2026. The dividend will be paid on or after 14 August 2026.

Bharat Forge signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to establish India's first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam ' over an ~80 acres within the Andhra Pradesh Defence Manufacturing Corridor. The Visakhapatnam facility ' co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters ' will for the first time bring this critical propulsion sustainment capability into India's private sector. Phase 1 will deliver a full Marine GT Repair and Overhaul complex: hot section restoration of blades, vanes and combustion liners, component manufacturing, NDE laboratory, and a 72-hour turnaround capability for the Naval Dockyard, Visakhapatnam. Phase 2 will establish India's first private sector Marine GT Development and Assembly Hall, a full-spectrum hot test cell scalable across all propulsion ratings, and ' for the very first time on Indian soil ' the development and qualification of an indigenous Marine Gas Turbine. The facility will also serve as a regional R&O hub for friendly nation navies, creating ~750 direct and indirect employment opportunities.

Under the agreement, the company will supply high-integrity forged components for landing gear systems across Embraer's commercial and defence aircraft programs. The partnership further strengthens Bharat Forge's expanding role in the global aerospace supply chain and strengthens its position as a trusted partner for complex, safety-critical components. Amit B Kalyani, vice chairman & Joint MD, Bharat Forge commented, 'The fact that BFL is the first Indian supplier of forged components for Embraer is a proud moment & a testament to the capabilities we have built in the Aerospace business and we thank them for the trust they have reimposed on BFL. We look forward to growing and adding value to our association with Embraer in the coming years. These contracts will enable to create scale for critical structural components complementing the scale built in the Aero Engine components space.' Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in the quarter ended 31 March 2026. The counter shed 0.17% to end at Rs 1,985.15 on the BSE.Powered by Capital Market - Live

Bharat Forge has completed the acquisition of 27,08,754 equity shares of Rs. 10/- each at a premium of Rs. 478.45/- each (30% on fully diluted basis) subject to final adjustments in Fortuna Engineering in first tranche investment (Tranche I). Consequent to the above, Fortuna Engineering has now become the Associate Company of Bharat Forge.

Bharat Forge announced the final dividend of Rs 6.50 per share for FY 2026 shall be paid on or after 14 August 2026.

Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in the quarter ended 31 March 2026. Profit before exceptional items and tax stood at Rs 490.86 crore in Q4 FY26, compared with Rs 429.40 crore in Q4 FY25. The company reported an exceptional loss of Rs 98.73 crore during the quarter. EBITDA stood at Rs 773.5 crore in Q4 FY26, registering the growth of 15.26% as compared with Rs 671.1 crore in Q4 FY25. Total expenses rose 17.41% YoY to Rs 4,089.33 crore in Q4 FY26. The cost of material consumed stood at Rs 2,271.81 crore (up 38.93% YoY), finance cost was at Rs 84.40 crore (down 4.09% YoY), and employee benefits expenses stood at Rs 534.62 crore (up 14.29% YoY) during the period under review. Segment-wise, revenue from forgings rose 6.16% to Rs 3,647.99 crore, while the defense segment saw a sharp 46.39% surge to Rs 416.26 crore. The Other segment revenue surged 157.07% to Rs 732.95 crore. The operating margin declined to 17.17% in Q4 FY26 from 17.63% a year ago, while the net profit margin fell to 5.16% from 7.34%. B.N. Kalyani, chairman & managing director of Bharat Forge, said, 'Despite demand challenges and regulatory volatility, the company on a consolidated basis has recorded revenues of Rs 16,812 crore and EBITDA of Rs 2,921 crore, a growth of 11.2% and 5.9%, respectively. At a standalone level, in FY26, revenues came in at Rs 8,396 crore, lower by 5.1%, while EBITDA of Rs 2,312 crore was down 8.4%. Balance sheet strength remains intact with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ growth in standalone revenue, reaching Rs 2,260 crore, driven by export recovery, while EBITDA grew by 7.2% QoQ to Rs 610 crore, resulting in a margin of 27% and PBT at Rs 486 crore. The company secured new orders worth Rs 4,814 crores in FY26, including Rs 2,816 crores in defense. The order book for Defense stood at Rs 10,961 crore as of FY26. The order wins across businesses reflect a resurgence in business momentum, including in aerospace with the onboarding of new customers across engine, structural, and landing gear components. On the Indian subsidiaries front, JS Autocast registered a topline of Rs 757 crore and EBITDA of Rs 106 crore (14.3% EBITDA margin) in FY26. K-Drive Mobility is making significant progress in its effort to reorient its product portfolio with new order wins beyond M&HCVs, including 4 EV platforms for LCVs. The Rs 450 crore impairment during the quarter of our investments in KPTL (e-mobility division) is an acceptance of the need to take a fresh look at how we address the EV opportunity, as the EV adoption globally has changed significantly. The US & European operations reported modest operating profits despite weak demand. We have initiated the restructuring of the steel business of CDP Bharat Forge and we expect this process to conclude by the end of CY27. The management is pursuing various alternative business opportunities in Europe to leverage its scaled-down manufacturing footprint. Looking ahead into FY27, barring any geopolitical crisis and its impact on demand, we are optimistic of achieving 25% revenue growth with a commensurate increase in EBITDA & profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.' On a full-year basis, the company's consolidated net profit jumped 19.28% to Rs 1,089.40 crore, while net sales rose 11.17% to Rs 16,811.65 crore in FY26 compared with FY25. Meanwhile, the Board has recommended a final dividend of Rs 6.50 per equity share of face value Rs 2 each (at the rate of 325%) for the financial year ended March 31, 2026, subject to the approval of the members at the ensuing annual general meeting of the company. The final dividend, if approved, will be paid on or after Friday, August 14, 2026. Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. Shares of Bharat Forge rose 4.70% to Rs 1,962.25 on the BSE.Powered by Capital Market - Live