Shares of Bharat Forge Ltd have been buying and selling flat and on a unfavourable observe on Wednesday, 12 November, regardless of a subsidiary of the corporate asserting the securing of an order price Rs 250 crore from the Ministry of Defence.
Kalyani Strategic Gear Ltd (KSSL), a subsidiary of Bharat Forge, has obtained roughly Rs 250 crore in defence contracts from the Indian Ministry of Defence for the supply of underwater tools. The deliveries, scheduled for November 2026, exhibit KSSL’s rising functionality in unmanned marine know-how. The organisation remains to be increasing its capabilities to fulfill the Indian Navy’s mission-critical necessities.
The corporate’s monetary efficiency was sturdy in Q2FY26, with income climbing 9% yr on yr to Rs 4,032 crore, indicating steady enterprise progress. Web revenue elevated by 23% to Rs 299 crore, reflecting higher operational effectivity and margin enchancment. This rise displays sturdy demand restoration and efficient price management in key enterprise classes.
Bharat Forge’s exports in Q2 FY26 have been Rs 9,420 million, down from Rs 10,753 million in Q1 FY26 and Rs 11,749 million in Q2 FY25. The Americas contributed Rs 5,800 million, indicating a decline in demand, whereas Europe remained unchanged at Rs 2,867 million. The Asia-Pacific area improved to Rs 753 million, indicating a modest rebound from a weaker base final yr.
In H1FY26, the corporate obtained new orders of Rs 1,582 crore, together with Rs 559 crore from defence, and had a powerful order ebook of Rs 9,467 crore. Whereas the US and Europe noticed slowing developments, Bharat Forge anticipates industrial and defence exports to non-US markets to drive progress, aided by sturdy Indian manufacturing and strategic diversification.
Bharat Forge Restricted, a member of the Kalyani Group, is a world chief in steel forming and engineering options. It’s headquartered in Pune and companies a variety of industries, together with automotive, defence, aerospace, and power. Bharat Forge, recognized for innovation and superior manufacturing, is increasing its international presence by technology-driven, long-term progress.
At 1:56 pm, the shares of Bharat Forge have been buying and selling 1.27% decrease at Rs 1,384.30 on NSE.
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