Street concerns over global slowdown weighs on Bharat Forge stock

The commercial vehicle (CV) segment's revenue was Rs 490 crore (up 27 per cent YoY and 5 per cent QoQ)

Devangshu Datta
Bharat Forge

Exports revenue increased 35 per cent YoY (up 9 per cent QoQ) to Rs 1,170 crore due to demand from the passenger vehicle (PV), oil & gas, and aerospace segments

Consolidated earnings of Bharat Forge in Q3FY23 missed estimates, largely due to higher-than-expected interest burden, although operational numbers (including standalone numbers) were close to consensus. Still, the management guidance was positive and appeared to be based on logic.
Essentially, the standalone performance of the company met expectations but there were operating losses at overseas subsidiaries. There are also significant risks to exports, given a global slowdown, and this is a serious issue because of Bharat Forge’s strong export profile since exports account for over 60 per cent of its revenue.
Standalone net sales stood at Rs 1,950 crore, up 22 per cent year-on-year (YoY), and up 5 per cent quarter-on-quarter (QoQ). Total volume stood at around 63,000 tonnes (up 18 per cent YoY, and up 3 per cent QoQ). Realisation increased 4 per cent YoY per tonne (up 2 per cent QoQ). The Ebitda margin was at 27.4 per cent (up 200 basis

Also Read

MGS, Light Tank, WhaP: DRDO presents 3 'Make in India' successes at DefExpo

Bharat Forge: Rising industrial segment revenue, auto recovery drive gains

Explained: How govt imposing curbs on rice exports will affect India

Uttar Pradesh's merchandise exports surge 32% to Rs 60,578 crore

Dip in demand from China, Italy may have hit India's merchandise exports

Why ABB's good fourth quarter numbers may not boost its share price

United Breweries not in high spirits due to increase in input costs

Info Edge: Investors must wait for sell-off to end before making new entry

Weak demand, margin outlook to keep Balkrishna Industries under pressure

Strong demand outlook likely to power Cummins India's growth

Bharat Forge

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Feb 16 2023 | 12:18 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to