Bharat Forge Q3 Results: Net profit jumps 28%, interim dividend of Rs 2 declared & Rs 11,130 crore defence order book!

Bharat Forge shares climbed 4.35 per cent to reach a 52-week high of Rs 1,750 following a strong third-quarter showing for the 2026 fiscal year. The auto parts giant reported a 28 per cent year-on-year increase in consolidated net profit, reaching Rs 273 crore, while revenue from operations jumped 25 per cent to Rs 4,342.9 crore. Despite facing headwinds from de-stocking in the North American commercial vehicle market, the company maintained a healthy standalone EBITDA margin of 27.3 per cent. To reward shareholders, the board declared an interim dividend of Rs 2 per equity share, with a record date set for February 18, 2026.

The company's Defence segment has emerged as a primary growth engine, securing new orders worth Rs 2,388 crore during the quarter alone. A significant portion of this stems from a landmark contract with the Ministry of Defence to supply over 250,000 CQB Carbines, a move that significantly expands the company's "Small Arms" vertical. As of December 31, 2025, Bharat Forge sits on a massive defence Order Book of Rs 11,130 crore, signalling a pivot toward high-value strategic manufacturing that complements its traditional automotive business.

Looking forward to Q4 FY26 and the 2027 fiscal year, management indicated that the most challenging period has passed. The company anticipates high double-digit topline growth, supported by a recovery in export markets and the scheduled commencement of ATAGS (Advanced Towed Artillery Gun System) execution in the second half of FY27. Subsidiaries like JS Autocast also showed momentum with a 22 per cent revenue jump, while the company’s balance sheet remains lean, sporting a net debt-to-equity ratio of 0.15, positioning it well for upcoming industrial expansions.

About Bharat Forge

Bharat Forge Limited (BFL), a Pune-based Indian multinational, 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. BFL has a global manufacturing footprint with presence across five countries, with the largest repository of metallurgical knowledge and offers full-service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation. As of December 31 2025, the defence order book stood at Rs 11,130 crores.

Disclaimer: The article is for informational purposes only and not investment advice.