BHARATFORG Q1 FY27 Guidance vs Delivery (BHARATFORG Management Mirror)

Q1 FY27 Consolidated Revenue Reported at INR 46,399 Million; Full-Year Expectation Points to Robust H2 Amid Temporary Cost Escalations

In the Dec'25 Qtr concall, management reported consolidated Q3 FY26 revenues of INR 4,343 crores with an EBITDA margin of 17.3%. In the Mar'26 Qtr concall, FY26 consolidated revenues were reported at INR 16,812 crores with an EBITDA of INR 2,921 crores. Management guided for India manufacturing operations (standalone and domestic subsidiaries) to achieve close to 25% growth in FY27, barring geopolitical crises. In the Jun'26 Qtr concall, management noted Q1 FY27 consolidated revenue stood at INR 4,640 crores with an EBITDA margin of 16.2%, adding that FY27 is expected to be a very strong year overall with a more robust second half as temporary cost escalations are negotiated. In the Jun'26 Qtr results, consolidated revenue was reported at 46,399 million with an EBITDA margin of 15.3%.