Bharat Forge Q4 Results 2026: Date, Revenue, PAT & Analyst Outlook

Tue Apr 14 2026

Bharat Forge (BHARATFORG) Q4 FY26 results are scheduled for May 10, 2026, when the company’s board of directors will approve the financial statements for the January-March 2026 quarter. Trading at Rs 1,050 as of April 2026 — down -27% from its 52-week high of Rs 1,480 — the stock has been under pressure alongside its peers in the Forging / Defence / Auto sector. This Q4 results preview covers the confirmed results date, analyst consensus estimates, five key performance factors, five risks to monitor, analyst ratings, and the complete share price outlook.

Bharat Forge’s Q4 FY26 earnings will be watched for signals on the company’s +12% volume YoY trajectory, and whether operating metrics are recovering toward normalised levels. This article provides a structured preview based on analyst consensus data and publicly available financial information.

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Table of Contents

Bharat Forge Q4 Results 2026 Date

The Bharat Forge Q4 FY26 results date is May 10, 2026. The board of directors will meet to approve the audited consolidated and standalone financial results for the quarter ended March 31, 2026, and the full year FY2025-26.

Here is a broader view of the Q4 FY26 results calendar for reference:

Company	Results Date	Key Metric
TCS	April 9, 2026 (Declared)	FY27 revenue guidance, deal TCV
Infosys	April 23, 2026	CC growth guidance for FY27
Bharat Electronics (BEL)	May 8, 2026	Order book execution, EBITDA margin
Bharat Forge	May 10, 2026	Global CV + defence execution
Bharat Forge	May 10, 2026	See estimates below

Why Q4 FY26 Matters

Q4 (January-March) is the final quarter of FY26, making it the most important earnings event of the year. Beyond the quarterly numbers, investors will receive: full-year FY26 financial summary, management commentary on FY27 business outlook, and the final dividend recommendation for FY26 shareholders.

For Bharat Forge specifically, Q4 FY26 captures the peak season dynamics of the Forging / Defence / Auto sector. Management’s commentary on FY27 demand visibility will set the investment narrative for the next 12 months.

Bharat Forge Q4 FY26 Earnings Estimates

Bharat Forge Q4 FY26 analyst consensus estimates — Revenue, PAT, Margin

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Based on publicly available analyst consensus, here are the Q4 FY26 estimates for Bharat Forge:

Metric	Q4 FY26 Estimate	Q3 FY26 Actual	Trend
Revenue	Rs 4,200 Cr	Rs 3,752 Cr	QoQ expected improvement
Net Profit (PAT)	Rs 345 Cr	Rs 308 Cr	Normalisation expected
Margin	EBITDA 18%	Q3 FY26 margin	QoQ trend
Volume / Growth Driver	+12% volume YoY	Prior quarter	YoY
Dividend (Expected)	Rs 3 (expected)	FY26 interim dividends	Final dividend

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5 Key Factors Driving Bharat Forge Q4 FY26 Performance

1. Defence Forging and Artillery

Bharat Forge is India’s largest defence forging company, supplying artillery barrels, vehicle hulls, and structural forgings to Indian defence. Q4 defence order execution and any new MoD contract wins would be the key headline.

2. Global Automotive Forging Recovery

Bharat Forge supplies forged components to global commercial vehicle OEMs in the US and Europe (Cummins, Dana, Meritor). Global CV production recovery in H2 CY2026 would benefit Bharat Forge’s export business.

3. EV Metal Forming Capability

Bharat Forge has invested in aluminium die casting and metal forming for EV applications — battery casings, structural components, and suspension parts. EV customer expansion is the new revenue frontier.

4. Aerospace Component Manufacturing

Bharat Forge has been qualifying components for commercial aircraft manufacturers. Aerospace forgings carry the highest margin per kilogram in the portfolio.

5. Industrial Forgings Diversification

Oil & gas, power generation, and construction equipment forgings provide revenue streams beyond automotive.

5 Risks to Watch in Bharat Forge Q4 FY26

Risk 1: Global CV Cycle Risk

US and European commercial vehicle production downturns directly impact Bharat Forge’s export forging business.

Risk 2: Steel and Alloy Input Costs

High-grade alloy steel input cost management is critical for margin sustainability.

Risk 3: Defence Order Timing

Large defence contracts have unpredictable delivery schedules. Revenue from artillery projects can be lumpy.

Risk 4: EV Transition Impact on ICE Forgings

Long-term, EV adoption reduces demand for traditional powertrain forgings. BF is adapting but the transition creates uncertainty.

Risk 5: Currency Exposure

Significant USD-denominated export revenue creates sensitivity to INR-USD movements.

Bharat Forge Share Price and Analyst Ratings

Parameter	Value
CMP (April 2026)	Rs 1,050
52-Week High	Rs 1,480
52-Week Low	Rs 920
1-Year Return	-27%
Market Capitalisation	Rs 24,500 Cr
Sector	Forging / Defence / Auto
NSE Ticker	BHARATFORG

Analyst ratings and target prices based on publicly available brokerage research:

Brokerage	Rating	Target Price	Investment Thesis
MOFSL	BUY	Rs 1,320	Defence + aerospace + EV — multiple growth vectors
Emkay	BUY	Rs 1,280	Global CV recovery + defence execution
CLSA	ADD	Rs 1,180	Quality global forging company; fair priced

Conclusion

Bharat Forge Q4 FY26 results on May 10 will capture the interplay between global automotive recovery, defence execution, and EV component development. At Rs 1,050 and down 27% from peak, the stock offers reasonable entry into India’s premier forging company. Revenue above Rs 4,200 crore with EBITDA margin above 18% would be a beat.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

For more Q4 FY26 results previews, visit Univest Blogs.

Frequently Asked Questions

Q: When is Bharat Forge Q4 results 2026 date?

Bharat Forge Q4 FY26 results date is May 10, 2026. The board of directors will meet on this date to approve the quarterly and full-year FY26 financial results and consider recommending a final dividend.

Q: What is Bharat Forge Q4 FY26 revenue estimate?

Analyst consensus estimate for Bharat Forge Q4 FY26 revenue is Rs 4,200 Cr. Q3 FY26 actual revenue was Rs 3,752 Cr. Actual Q4 results may vary based on operating conditions.

Q: What is Bharat Forge Q4 FY26 PAT estimate?

Analyst consensus estimate for Bharat Forge Q4 FY26 net profit (PAT) is Rs 345 Cr. Q3 FY26 actual PAT was Rs 308 Cr. Estimates are indicative and not guaranteed.

Q: Will Bharat Forge declare a dividend in Q4 FY26?

Bharat Forge is expected to declare Rs 3 (expected) for FY26, subject to board approval at the May 10, 2026 board meeting and subsequent shareholder approval at the AGM.

Q: What is Bharat Forge current share price?

Bharat Forge is trading at Rs 1,050 as of April 2026, with a 52-week range of Rs 920 to Rs 1,480. The 1-year return is -27%.

Q: What were Bharat Forge Q3 FY26 results?

In Q3 FY26, Bharat Forge reported revenue of Rs 3,752 Cr and net profit (PAT) of Rs 308 Cr. The Q4 FY26 results on May 10, 2026 will provide a comparison to assess sequential and year-on-year trends.

Q: When do TCS and Infosys announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026 (see the Bharat Forge earnings calendar table above). Infosys is scheduled to declare results on April 23, 2026. Both are covered in detail on Univest Blogs.

Q: Is Bharat Forge a good investment ahead of Q4 results?

This article does not constitute investment advice. Bharat Forge trades at Rs 1,050 with a 52-week range of Rs 920 to Rs 1,480. Analyst consensus targets and the Q4 FY26 estimates suggest monitoring the results date closely. Consult a SEBI-registered financial advisor for personalised investment guidance.