Synopsis:- The defence stock jumped up to 4% after securing a ₹1,660 crore Ministry of Defence order. Q2FY26 revenue rose 9% to ₹4,032 crore, profit grew 23%, and the order book stood strong at ₹9,467 crore, supporting long-term growth visibility. The shares of the high-performance components manufacturer gained up to 4 percent in today’s trading […]
The post ₹1,661 Cr Order: Defence stock jumps 4% after bagging CQB carbines firearm contract appeared first on Trade Brains.
Synopsis:- The defence stock jumped up to 4% after securing a ₹1,660 crore Ministry of Defence order. Q2FY26 revenue rose 9% to ₹4,032 crore, profit grew 23%, and the order book stood strong at ₹9,467 crore, supporting long-term growth visibility.
The shares of the high-performance components manufacturer gained up to 4 percent in today’s trading session after the company signed a contract worth Rs 1,660 crore with the Ministry of Defence.
With a market capitalisation of Rs 70,329.23 crore, the shares of Bharat Forge Ltd were trading at Rs 1,471.05 per share, increasing around 1.11 percent as compared to the previous closing price of Rs 1,454.90 apiece.
Significant order
The shares of Bharat Forge Ltd have seen positive movement after signing the largest small arms contract worth Rs 1,660 crore with the Ministry of Defence for the supply of 255,128 CQB Carbines (5.56 x 45 mm) to the Indian Army.
Additionally, the contract marks a major boost for indigenous defence manufacturing. The 5.56×45 mm CQB Carbine, jointly developed by Armament Research & Development Establishment, DRDO and Bharat Forge Ltd, will be executed over five years, reinforcing Atmanirbhar Bharat and reducing import dependence.
A carbine is a compact, lightweight firearm with a shorter barrel than a standard rifle, designed for easier handling. Originally used by cavalry, it is now widely used for close-quarters combat, hunting, and as a versatile weapon firing pistol or intermediate ammunition.
The company delivered a solid Q2FY26 performance, with revenue growing 9% year-on-year to Rs 4,032 crore, signalling steady momentum. Net profit surged 23% to Rs 299 crore, reflecting better operational efficiency and margin expansion. The results underline strong demand recovery and disciplined cost control across core segments.
Bharat Forge’s Q2FY26 exports declined to Rs 9,420 million from Rs 10,753 million in Q1FY26 and Rs 11,749 million a year earlier. The Americas weakened at Rs 5,800 million, Europe stayed stable at Rs 2,867 million, while Asia-Pacific improved to Rs 753 million, indicating a gradual recovery from a low base.
Bharat Forge’s Q2FY26 performance was impacted by weak North American truck demand and inventory destocking, causing a 7.5% revenue decline to Rs 1,947 crore. Despite this, EBITDA stood at Rs 545 crore with a margin of 28%, supported by efforts to de-risk business and maintain profitability.
The company secured new orders worth Rs 1,582 crore, including Rs 559 crore from defence, with a strong order book of Rs 9,467 crore in H1FY26. While the US and Europe saw sluggish trends, Bharat Forge expects industrial and defence exports to non-US markets to drive growth, supported by robust Indian manufacturing and strategic diversification.
Bharat Forge Limited, part of the Kalyani Group, is a global leader in metal forming and engineering solutions. Headquartered in Pune, it serves diverse sectors including automotive, defence, aerospace, and energy. Known for innovation and advanced manufacturing, Bharat Forge continues to strengthen its global presence through technology-driven, sustainable growth.
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