Shares of Bharat Forge Ltd were trading flat and on a negative note on Wednesday, 12 November, despite a subsidiary of the company announcing the securing of an order worth Rs 250 crore from the Ministry of Defence. 

Kalyani Strategic Equipment Ltd (KSSL), a subsidiary of Bharat Forge, has received approximately Rs 250 crore in defence contracts from the Indian Ministry of Defence for the delivery of underwater equipment. The deliveries, scheduled for November 2026, demonstrate KSSL’s rising capability in unmanned marine technology. The organisation is still expanding its capabilities to satisfy the Indian Navy’s mission-critical requirements.

The company’s financial performance was strong in Q2FY26, with revenue climbing 9% year on year to Rs 4,032 crore, indicating continuous business progress. Net profit increased by 23% to Rs 299 crore, reflecting better operational efficiency and margin improvement. This rise reflects strong demand recovery and effective cost control in key business categories.  

Bharat Forge’s exports in Q2 FY26 were 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, while Europe remained unchanged at Rs 2,867 million. The Asia-Pacific region improved to Rs 753 million, indicating a modest rebound from a weaker base last year.

In H1FY26, the company received new orders of Rs 1,582 crore, including Rs 559 crore from defence, and had a strong order book of Rs 9,467 crore. While the US and Europe observed slowing trends, Bharat Forge anticipates industrial and defence exports to non-US markets to drive growth, aided by strong Indian manufacturing and strategic diversification.

Bharat Forge Limited, a member of the Kalyani Group, is a global leader in metal forming and engineering solutions. It is headquartered in Pune and services a wide range of industries, including automotive, defence, aerospace, and energy. Bharat Forge, known for innovation and advanced manufacturing, is expanding its global presence through technology-driven, long-term growth.

At 1:56 pm, the shares of Bharat Forge were trading 1.27% lower at Rs 1,384.30 on NSE. 

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