Q1-FY26 · Amit Kalyani
We are definitely in very interesting times. Given the undercurrents, I would take you through first the numbers and then our team will take your Q&A.
BHARATFORG / language trends
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Bharat Forge · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q1-FY26 · Amit Kalyani
Tariff related uncertainty is definitely something that nobody has ever experienced before and is something that we are engaged with our customers in finding a resolution.
Q1-FY26 · Amit Kalyani
In the medium to longer term, you will see the center of gravity shift back to our India operations as manufacturing India becomes larger and more lucrative.
Q1-FY27 · Amit Kalyani
We expect 27 to be a very good year with the second half being driven more robustly with some of these interruptions behind us and both across exports and the commencement of deliveries for the domestic defense orders of ATAGS and carbines.
Q1-FY27 · Amit Kalyani
This 2500 is for this current capex and then it'll also give us a strong base for any additional capex that we may need for further growth. We like to have cash on the balance sheet. At least 2000 odd crores of cash on the balance sheet and it's good. It'll help us accelerate our growth going forward.
Q1-FY27 · Amit Kalyani
On aerospace we will double our business in the next two years or so. And then on the semiconductor side, I think we are aiming for something in the region of 30-40 million of business in the next 2 years organically and then we also have to set up some machining facilities which will then allow us to grow that business almost double it.
Q2-FY26 · Amit Kalyani
We are weathering the storm far better than companies that are directly playing only in one or two sectors.
Q2-FY26 · Amit Kalyani
We are going to double down on India as most companies in the world are because it's the fastest growing global market with the most headroom for growth.
Q2-FY26 · Management
I don't want to say anything more than that.
Q3-FY26 · Amit Kalyani
Defense has the opportunity to become as big as our business today is overall business is today.
Q3-FY26 · Amit Kalyani
We have to make a profit or we have to take some decisions so we have to see what to do.
Q3-FY26 · Amit Kalyani
The tariff deal being done and the punitive 25% being removed means that we're in a differentiated position than others.