Bharat Forge shares gain 2% as firm secures order worth ₹300 crore for Indian Army

“Bharat Forge Limited Aerospace Division has achieved a significant milestone in India’s defence modernisation journey by securing contracts worth approximately ₹300 crores under the ongoing Emergency Procurement – VI (EP-VI) framework,” the company said in a regulatory filing.

Bharat Forge further said that these contracts are for the Indian Army and also for end use at the Indian Navy, covering a range of indigenous unmanned systems, including Intelligence, Surveillance, and Reconnaissance (ISR) platforms and loitering munitions. The contracted platforms—Omega One, Omega Nine, Bayonet, and Cleaver—are developed for India to meet urgent operational requirements across diverse terrains and mission profiles.

The company said its unmanned portfolio is evolving rapidly, with advanced autonomy, artificial intelligence and data-driven decision-making being progressively integrated across platforms. According to Bharat Forge, these enhancements are improving mission endurance, precision, survivability and adaptability in contested and dynamic operational environments.

“This dual achievement of securing EP-VI contracts and showcasing Omega One at Army Day reaffirms BFL’s commitment to Atmanirbhar Bharat. We are proud to equip our Armed Forces with India-specific, EW-resistant, homegrown unmanned systems,” said Amit Kalyani, Vice Chairman & Joint Managing Director of Bharat Forge.

Bharat Forge said that sustained investments in design, manufacturing and next-generation autonomy stacks are positioning the company as a key player in India’s unmanned and autonomous systems ecosystem. It added that these efforts are aimed at supporting the Indian Armed Forces with credible, future-ready capabilities while strengthening India’s self-reliance in critical defence technologies.

On December 31, the company had signed its largest small arms contract with the Ministry of Defence, worth ₹1,661.9 crore. The defence ministry has awarded Bharat Forge Limited (BFL) a contract for the supply of 255,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The deal will be executed within five years.

Bharat Forge share price

At 2:20 AM, Bharat Forge shares were trading at ₹1,452.70 apiece on NSE, rising 0.38%.

Over a month’s time, the stock has risen nearly 2.5%, while in the last six months, the shares have surged more than 18%. On a year-on-year basis, Bharat Forge shares have rallied 20.5%.

The company has a market capitalisation of ₹69,451.94 crore.

Bharat Forge Q2 earnings

The auto components major had reported a 23% year-on-year (YoY) jump in its consolidated net profit at ₹299 crore for the quarter ended September 30 of the financial year 2025-26. Its net profit for the same quarter last fiscal year was at ₹243.5 crore.

Its revenue from operations increased 9.3% YoY for the quarter at ₹4,032 crore as compared to ₹3,689 crore in Q2 FY25.

On the operation level, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter were at ₹726 crore, marking a 12% growth YoY from ₹648 crore. The EBITDA margin for Q2 FY26 stood at 18%, in contrast to 17.5% YoY.