Bharat Forge Shares Reach 52-Week High Following Strong Q4 Results
Bharat Forge stock hits 52-week high after Q4 results; revenue up 18% YoY
Business Standard
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Bharat Forge's share price surged over 8% to a 52-week high of ₹2,026.6 after reporting an 18% year-on-year revenue growth for Q4 FY26. Despite a slight decline in profit, the company's strong order book and optimistic outlook for FY27 have bolstered investor confidence.
- 01Bharat Forge's stock hit a 52-week high of ₹2,026.6, rising over 8%.
- 02Revenue for Q4 FY26 increased by 17.53% to ₹4,528.04 crore.
- 03Profit after tax decreased by 1.4% to ₹233.44 crore compared to the previous year.
- 04The company secured new orders worth ₹4,814 crore in FY26, including significant defense contracts.
- 05Management anticipates a 25% revenue growth in FY27, contingent on market conditions.
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Shares of Bharat Forge, a leading forged and machined component manufacturer, reached a 52-week high of ₹2,026.6 on the National Stock Exchange (NSE), reflecting an 8% increase following the release of its Q4 FY26 financial results. The company's revenue grew by 17.53% year-on-year to ₹4,528.04 crore, while profit after tax fell slightly by 1.4% to ₹233.44 crore. Despite the dip in profit, Bharat Forge's earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 14.21% to ₹778 crore, with an EBITDA margin of 17.81%. The company also announced a final dividend of ₹6.50 per share for FY26, pending approval. Bharat Forge's chairman, BN Kalyani, highlighted the acquisition of new orders worth ₹4,814 crore, including ₹2,816 crore in defense contracts, and expressed optimism for a 25% revenue growth in FY27, contingent on stable geopolitical conditions.
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The strong performance of Bharat Forge may lead to increased investor confidence and potential job growth in the manufacturing sector, particularly in defense and aerospace industries.
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