Bharat Forge Ltd reported a consolidated revenue of ₹3,689 Crore and EBITDA of ₹690 Crore for Q2 FY25, with a year-on-year revenue decline of 2.3%, but EBITDA grew by 10.8%, reflecting a margin improvement from 16.5% to 18.7%. The company secured new orders worth ₹1,207 Crore across various sectors, with the defence business growing significantly by 67% YoY, bringing the executable order book to ₹5,905 Crore.