Bharat Forge Gains on CQB Carbine Win

saw renewed investor interest after the DRDO-backed 5.56x45 mm CQB carbine, developed by ARDE and manufactured by the company, was selected as the L1 bidder in the Indian Army’s procurement bid. The update comes at a time when defence stocks are outperforming broader indices amid heightened geopolitical risks in the Middle East. Despite a weak Q4 print, revenue declined 7% YoY to ₹2,163 crore, net profit came in at ₹345 crore (down 11.2%), and EBITDA at ₹616.5 crore, margins held at 28.5%, reflecting operational resilience. While defence revenue halved YoY in the quarter, the company secured new orders worth ₹4,343 crore, including the large ₹3,417 crore ATAGS order, taking the total defence order book to ₹9,420 crore. Of the ₹6,959 crore in FY25 order inflows, 70% came from the defence vertical—highlighting Bharat Forge’s strategic positioning in India's indigenous defence supply chain. Although export visibility for FY26 remains uncertain, the core focus remains on improving consolidated profitability and execution. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.