$BHARATFORG Growing defence exports

$BHARATFORG 1. Defence order momentum remains strong Bharat Forge continues to strengthen its defence business with a healthy pipeline of domestic and export opportunities. The company remains focused on supplying artillery systems, armoured vehicle components, naval equipment and aerospace products. 2. Growing defence exports Defence exports continue to gain traction as Bharat Forge expands its presence in international markets. Management expects exports to become a larger contributor to the defence business over the coming years. 3. Automotive business remains resilient Demand from domestic commercial vehicles, passenger vehicles and industrial segments has remained stable. The company continues to diversify beyond traditional automotive forgings into higher-value engineered products. 4. Electric vehicle opportunities Bharat Forge is expanding its portfolio of components for electric vehicles, supplying precision-engineered parts to both domestic and global OEMs. EV-related business remains an important long-term growth avenue. 5. Aerospace expansion The company continues to invest in aerospace manufacturing capabilities, targeting opportunities in both civil and defence aviation. Aerospace is expected to become an increasingly meaningful contributor to revenue. 6. Capacity and technology investments Bharat Forge continues investing in automation, advanced manufacturing technologies and capacity enhancement to improve productivity and support future growth. 7. Healthy financial profile The company maintains a strong balance sheet and healthy cash generation, enabling continued investment in strategic growth businesses.