)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Bharat Forge
Bharat Forge (500493) investor relations material
Bharat Forge Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary5 Nov, 2026
Executive summary
Q2 FY27 standalone revenue rose 29.8% YoY to ₹25,263.57 million; consolidated revenue increased 20.8% to ₹48,699.66 million.
Indian manufacturing revenue grew 24.6% to ₹3,422 crore; FY27 growth guidance remains 20–25%.
H2 FY27 is expected to outperform H1 as new programs ramp and customer recovery of price and input-cost increases catches up.
Financial highlights
Standalone EBITDA rose 20.2% to ₹6,546 million; margin was 25.9%, down 30 bps QoQ.
Consolidated EBITDA increased 8.8% to ₹7,780 million at ~16% margin; Q2 PAT was ₹2,786.81 million versus ₹2,992.78 million YoY.
Standalone PBT before exceptional items rose 20.5% to ₹5,200 million and PAT increased to ₹3,708.25 million from ₹3,099.36 million.
H1 standalone revenue rose 20.3% to ₹48,737.73 million; consolidated H1 revenue was ₹95,099.07 million and PAT ₹1,887.93 million, including a Q1 restructuring provision.
Outlook and guidance
H2 is expected to outperform H1; excluding 2%–3% revenue inflation, EBITDA growth is expected to track or slightly exceed top-line growth.
India manufacturing sales are expected to exceed ₹5,000 crore per quarter by end of next year, versus a ₹3,000–3,400 crore run rate; margin accretion of 200–250 bps is expected.
ATAGS revenue recognition is expected from Q1 FY28 after Bulk Production Clearance; 184 guns are scheduled for delivery over four years, subject to customer absorption and deployment.
K-Drive targets annual revenue growth of at least 20%–25% and double-digit EBITDA margins within two years.
More than ₹2,000 crore of capex is expected online in phases over 12–18 months; H2 programs include aerospace, semicon, industrial exports, CVs, passenger-car exports, marine, JSA and K-Drive.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Bharat Forge
- Defence-led growth lifted FY24 results as overseas operations turned toward recovery.500493
Q4 23/24 - 20% sales growth and stronger underlying profit were offset by a Rs.383.108m Octroi charge.500493Q4 96/97
- Exports surged 87%, cushioning weak domestic demand and pressured margins.500493Q4 97/98
- Higher net profit and stronger margins offset recession-driven declines in turnover and exports.500493Q4 98/99
- Exports and value-added machining drove record FY00 results despite a partial truck-market recovery.500493Q4 99/00
- Demand slumped, but cost controls preserved margins as restructuring refocused the business.500493Q4 00/01
- Exports rose 30%, cushioning weak domestic demand and positioning FY03 growth.500493Q4 01/02
- Export-led growth drove record FY02-03 profits as returns improved and capacity expansion loomed.500493Q4 02/03
- Revenue and PAT surged as capacity tightened and global expansion accelerated.500493Q4 03/04
Next Bharat Forge earnings date
Q3 26/2711 Feb, 2027
Bharat Forge
Next Bharat Forge earnings date
Q3 26/2711 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Bharat Forge Limited is an engineering and manufacturing company specializing in forged components and solutions for various industries. The company produces critical components for sectors such as automotive, aerospace, defense, railways, and renewable energy. Bharat Forge focuses on advanced manufacturing technologies, including precision forging, machining, and lightweight materials, to cater to global markets. The company is headquartered in Pune, India, and its shares are listed on the BSE.