New Delhi, Feb 15: Bharat Forge Limited is aiming for up to 50% growth in its aerospace business over the next few years, backed by expanded capacity and a robust supply chain, Vice Chairman and Joint Managing Director Amit Kalyani said on Saturday.
Speaking to the media, Kalyani revealed that the company expects its quarterly revenue from aerospace to cross ₹100 crore this year. “We anticipate 30%, 40%, and even 50% year-on-year (YoY) growth in this segment from FY26,” he told NDTV Profit.
Opportunities for India in Global Manufacturing
Kalyani pointed out that there is a clear shift in global supply chains, with more businesses moving their operations away from other regions to India. He stressed the need for a new policy framework that not only supports manufacturing but also ensures its timely execution.
“For a long time, China dominated manufacturing, followed by Vietnam. But now, it’s India’s turn. The benefits of Indian manufacturing are becoming increasingly evident,” he said.
Expansion Plans in Aerospace Manufacturing
Bharat Forge recently announced plans to set up a dedicated machining line for landing gear components and a high-precision ring mill for forgings as part of its third-quarter earnings presentation. These new facilities are aimed at meeting the rising global demand for jet engine components and are expected to be operational by March 2027.
Challenges and European Market Uncertainty
Despite its long-term growth plans, Bharat Forge faced a challenging third quarter, with consolidated revenue declining over 10% YoY to ₹3,476 crore. The company’s EBITDA also fell by 5% YoY to ₹638 crore.
Kalyani attributed this weak performance to economic headwinds in Europe, which have affected operations and exports. He further stated that Bharat Forge will assess its European business strategy over the next six months in consultation with stakeholders before making any major decisions.
Stock Performance
Following these announcements, Bharat Forge’s stock closed flat for the week, rising ₹1.45 to ₹1,077.65 per share on the NSE.
With its aerospace expansion and India’s growing appeal as a global manufacturing hub, Bharat Forge is positioning itself for long-term success, despite short-term challenges in the international market.( With inputs from IANS)
