Bharat Forge Shares Drop 8% Following Q1 Net Loss

Bharat Forge reported a consolidated net loss of ₹90 crore for the June quarter, missing analyst expectations of a ₹349 crore profit due to a ₹358 crore exceptional loss.

Revenue grew 18.7% year-on-year to ₹4,640 crore, but EBITDA margins contracted by 170 basis points to 15.29%, causing shares to trade 7.7% lower at ₹2,090.3 on August 10, 2026.

The company plans to raise ₹2,500 crore via equity and debt while investing ₹1,800 crore over 18 months to expand forging and machining capabilities for its growing ₹11,196 crore defence order book.