Key Highlights – Q2 FY26 (Standalone)

• Revenue: ₹1,947 crore, down 7.5% QoQ, impacted by a slowdown in North American Commercial Vehicle (CV) demand.
• EBITDA: ₹545 crore; EBITDA margin at 28%, up 10 bps QoQ driven by a favorable product mix.
• PBT (before exceptional items): ₹432 crore, down 7.2% QoQ due to weaker export volumes.
• PAT: ₹310 crore compared to ₹339 crore in Q1 FY26.

Consolidated Highlights – Q2 FY26

• Revenue: ₹4,032 crore, up from ₹3,909 crore in Q1 FY26, supported by strong performance in Indian manufacturing and defence segments.
• EBITDA: ₹715 crore; consolidated with margin at 17.7%.
• PBT (before exceptional items): ₹445 crore.

Business Developments

• New Orders Secured (H1 FY26): ₹1,582 crore, including ₹559 crore in Defence.
• Defence Order Book (as of H1 FY26): ₹9,467 crore.
• Bharat Forge completed the transfer of all defence-dedicated assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to strengthen its focus on the defence segment.

Chairman and Managing Director Mr. Baba Kalyani shared:

“The quarterly performance was impacted by the sharp decline in the North American truck production and the resulting inventory destocking. Standalone Revenues declined by 7.5% sequentially to Rs 1,947 crores, impacted by 16% drop in revenues to North America. CV exports to North America declined by  48% sequentially and 63% on a YoY basis. Because of the constant endeavor towards de-risking the business, the impact was minimized with EBITDA coming in at Rs 545 Crores (EBITDA margins of 28%) and PBT of Rs 432 crores.

Consolidated revenue & EBITDA in Q2 came in at Rs 4,032 Crore and Rs 715 crores respectively. The balance sheet remains robust with Cash of Rs 2,309 crores and ROCE (net) of 15.5%. Indian manufacturing, a key focus area and growth driver for the company registered revenues of Rs 2,746 Crores and EBITDA of RS 676 crores.

The company secured new orders worth Rs 1,582 Crores including Rs 559 crores in Defence in H1 FY26. As of H1FY26, the defence order book stood at Rs 9,467 crores.  We have transferred all the Defence dedicated assets of Bharat Forge to our wholly owned subsidiary KSSL. On the business front we expect to conclude more order wins for platforms/ projects we have participated in.

The US & European operations saw weakness driven by seasonality and prevailing sentiments. Review of the European steel manufacturing footprint is on track, and we expect to have concrete measures in place by the end of this fiscal. Given the challenging demand conditions in North America, we are witnessing exports into that region declining further in H2 FY26. However, we expect the industrial business across India, exports to non-US geographies and ramp up in defence business to more than offset the weakness in US exports. Our India manufacturing operations focusing on capturing opportunities in Defence, Aerospace, Castings and Aggregates across markets continue to make steady progress in their journey.”

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Mr. Guru Biswal, CEO-Aerospace Division, Bharat Forge said, “This MoU with VEDA is a testimony of our commitment to work for an “Atmanirbhar Bharat”, and to create niche technologies that shall support Indian and Global requirements in the evolving technological landscape of warfare. BFL will focus on indigenous development of jet engines upto 400 Kgf thrust to power the unmanned systems developed for Indian defence forces. The 40 & 45 Kgf engines developed by BFL are under serial production and will be used by VEDA for all defence projects.

Mr. Dipesh Gupta, Managing Director of VEDA Aeronautics, said: “We are thrilled to announce our strategic partnership with BFL aerospace which will supply small jet engines for all defence & other unmanned system projects of VEDA Aeronautics. This endeavor underscores our unwavering commitment to innovation, heralding a new era of technological advancement and strategic prowess in the aerospace domain specific to Long Range Combat UAV Systems, High Speed Aerial Targets and Multi Barrel Launched Jet Based UAV Systems.

The post Bharat Forge and VEDA Aeronautics (P) Ltd. Collaborate to Participate in Make in India Program for Unmanned Systems appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.