Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Q1 FY27 Earnings Presentation
15 slides from Bharat Forge's earnings presentation, Aug 10, 2026
Slide 1: Bharat Forge exchange filing cover letter
BHARAT FORGE August 10, 2026 To BSE Limited National Stock Exchange of India Limited Corporate Relations Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street, Fort, Mumbai 400 001 Bandra Kurla Complex, Bandra (East) Maharashtra, India Mumbai 400
Slide 2: Q1 FY27 Analyst Update
Q1 FY27 ANALYST UPDATE Inspiring Innovation. Worldwide. Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail
Slide 3: Management Commentary: Q1 FY27 Performance
Management Commentary: Q1 FY27 Performance BFL 3 Month Report: “Despite spiraling energy prices and geopolitical uncertainty, the standalone business recorded sharp YoY topline growth of 11.5% with EBITDA margins at a healthy 26.2% despite the cost pressure. EBITDA margins normalized for input cost
Slide 4: Standalone Financial Highlights
Standalone Financial Highlights Q1 FY27 Rs million Revenue Q1 FY27 Revenues at Rs 23,474 million saw YoY improvement driven by 23,474 22,605 broad-based performance in exports. Industrial exports saw sharp growth as 21,047 HHP Engines and Aerospace saw strong execution momentum. Q1 FY27 Q4 FY26 Q1 F
Slide 5: Review of Export Business – Q1 FY27
Review of Export Business – Q1 FY27 Rs million 3,440 3,374 3,903 4,791 4,498 4,380 Q1 FY27 Q4 FY26 Q1 FY26 3,024 3,353 2,882 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Revenue - Rs 12,047 milli
Slide 6: Review of Domestic Business – Q1 FY27
Review of Domestic Business – Q1 FY27 Rs million 2,501 2,447 3,073 Q1 FY27 6,495 Q4 FY26 Q1 FY26 5,738 6,631 1,038 1,066 973 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Revenue - Rs 10,170 milli
Slide 7: Export Break up by Geography
Export Break up by Geography In Rs million Q1 FY27 Q4 FY26 Q1 FY26 Americas 7,972 6,784 6,933 Europe 3,047 3,236 2,937 Asia Pacific 1,028 824 884 Total 12,047 10,844 10,753
Slide 8: Consolidated Financial Highlights – Q1 FY27
Consolidated Financial Highlights – Q1 FY27 Rs million Revenue In Rs million Q1 FY27 FY26 46,399 45,281 Long term Debt 21,516 21,116 39,088 WC Loans & Bill Discounting 48,451 47,630 Q1 FY27 Q4 FY26 Q1 FY26 Equity 95,191 95,568 EBITDA Cash 27,298 29,307 7,516 7,733 6,818 RoCE (Net) 15.2% 15.6% Debt/
Slide 9: Financials Annexures
s BHARAT FORGE x KALYANI Financials Annexures
Slide 10: Standalone P&L Highlights – Q1 FY27
Standalone P&L Highlights – Q1 FY27 In Rs mi l l i on Q1 FY27 Q4 FY26 QoQ (%) Q1 FY26 YoY (%) Sale Tonnage 66,787 62,201 7.4% 61,857 8.0% Domestic 11,427 11,761 -2.8% 10,294 11.0% Export 12,047 10,844 11.1% 10,753 12.0% Revenue from Operations 23,474 22,605 3.8% 21,047 11.5% EBITDA 6,141 6,103 0.6%
Slide 11: Standalone B/S Highlights – Q1 FY27
Standalone B/S Highlights – Q1 FY27 In Rs million Q1FY27 FY26 Long term Debt 13,602 13,124 WC Loans & Bill Discounting 25,217 24,515 Equity 1,13,875 1,09,882 Cash 17,857 17,762 RoCE (Net) 15.6% 14.9% Debt/ Equity (Net) 0.18 0.18 Net Debt/ EBITDA 0.85 0.86 10
Slide 12: Consolidated Financials Reconciliation
Consolidated Financials Reconciliation Rs million Q1 FY27 Indian Operations Overseas Operations E-Mobility Consolidated Revenue from Operations 30,570 15,352 477 46,399 EBITDA 7,286 262 -32 7,516 EBITDA (%) 23.8% 1.7% - 16.2% PBT (incl Other Income) 5,826 -1,200 -66 4,560 Exchange Gain / (Loss) -381
Slide 13: Indian Subsidiary Financials – Q1 FY27
Indian Subsidiary Financials – Q1 FY27 Rs million KSSL Q1 FY27 Q4 FY26 Q1 FY26 Revenue from Operations 4,229 3,690 2,470 EBITDA 729 337 171 EBITDA (%) 17.2% 9.1% 6.9% PBT before Exchange Gain/ (Loss) 682 333 160 K Drive Mobility Q1 FY27 Q4 FY26 Q1 FY26* Revenue from Operations 3,103 3,672 - EBITDA 1
Slide 14: Overseas Subsidiary Financials – Q1 FY27
Overseas Subsidiary Financials – Q1 FY27 Rs million European Mfg Operations Q1 FY27 Q4 FY26 Q1 FY26 Revenue from Operations 10,738 10,183 10,519 EBITDA 301 475 329 EBITDA (%) 2.8% 4.7% 3.1% PBT before Exchange Gain/ (Loss) -441 -391 -490 US Mfg Operations Q1 FY27 Q4 FY26 Q1 FY26 Revenue from Operati
Slide 15: Thank You
Thank You Rajhagopalan S Tel: +91 9860144866 Email: Srajhagopalan@bharatforge.com Chinmay Chhatre Tel: +91 9930512932 Email: chinmay.chhatre@bharatforge.com Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail