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Earnings Call

Bharat Forge Earnings Call: Key Takeaways

Bharat Forge faces a transitionary phase as North American CV exports decline sharply, partially offset by strong momentum in defense and aerospace segments.

Highlights
Revenue growthRevenue de-growth of 7.5% QoQ due to weak export markets.
MarginsEBITDA margins steady at 28% despite export headwinds.
Order bookDefense order book stands at approximately ₹11,000cr.
Demand visibilityUncertain North American demand; strong multi-year visibility in defense.
Management confidenceCautious on exports but aggressive on domestic defense and aerospace.

Growth

Standalone revenue fell 7.5% QoQ to ₹1,947cr; defense secured ₹1,582cr in new orders during H1.

Outlook

Raising ₹2,000cr debt for acquisitions; ATAGS defense execution begins in 6-9 months.

Risks

North American CV exports plummeted 48% QoQ; US tariff uncertainties and destocking create short-term demand fog.

Source

Earnings Call filed with NSE, NSE: BHARATFORG. Summary written with AI assistance from the document.

Read the document ↗

Bharat Forge Ltd: key numbers

Share price
₹2,008.00
Market cap
₹98,125 Cr
Revenue (annual)
₹16,812 Cr
Net profit (annual)
₹1,080 Cr
P/E (TTM)
133.6×Sector 53.6×
Promoter holding
43.12%-0.95% QoQ
FII holding
15.18%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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