Bharat Forge keeps FY27 India revenue growth outlook at 20-25%
In short
Bharat Forge kept its FY27 outlook for its Indian manufacturing business at 20% to 25% revenue growth. It also said work on the Advanced Towed Artillery Gun System will start in FY27, and revenue from it should begin in FY28.
The guidance matters for investors because it points to future growth in the India business and new defence revenue later on.
What the reporting says
Bharat Forge maintained its expectation of 20% to 25% revenue growth in FY27 for its Indian manufacturing business. The company also said manufacturing of the Advanced Towed Artillery Gun System will begin in FY27, with revenue recognition expected from the start of FY28. CNBC TV18 Market said the stock fell after the update, alongside concerns about weak overseas business.
Why it matters
Bharat Forge maintained its FY27 revenue growth target of 20% to 25% for its Indian manufacturing business. It said manufacturing of the Advanced Towed Artillery Gun System will begin in FY27, with revenue recognition expected from the start of FY28. The update is important for investors because it ties future growth to the India manufacturing and defence pipeline.