BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst/Institutional Investor Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 BHARAT FORGE LTD. - 500493 - Interim Dividend -Tax Deduction At Source (TDS) On Dividend
The Company has sent an e-mail communication to all the shareholders of the Company whose e-mail IDs are registered with the Company explaining the process on withholding tax from dividends (TDS) paid to the members at prescribed rates along with the necessary annexures. BHARAT FORGE LTD. - 500493 - Intimation Of Record Date For Payment Of Interim Dividend
Intimation of Record Date for payment of Interim Dividend on Equity Shares for the Financial Year 2022-23 BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the Analyst / Investor Conference Call on financial results for the quarter and half year ended on September 30, 2022. BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of Financial Results. BHARAT FORGE LTD. - 500493 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Loss of Share Certificate/s Q2FY23 Quarterly Result Announced for Bharat Forge Ltd.
Industrial products company Bharat Forge announced Q2FY23 results: Standalone: Revenues at Rs 18,639 million in Q2FY23 grew by 5.9% as compared to QlFY23 on the back of a 12% increase in domestic revenues. EBITDA margins at 24.3% in the current quarter as against 26.1%. The decline was primarily on account of unfavourable product mix (including the supply of Kalyani M4 vehicles to the MoD) and raw material pass thru suppressing margins. PBT before exchange gain/ (loss) of Rs 3,577 million in Q2FY23 as against Rs 3,532 million in QlFY23. Management comment: "The company registered a stable performance in Q2FY23 with a 5.9% sequential growth in revenues and 10.1% sequential growth in PAT. During the quarter, we recorded our highest export revenues at Rs 10,664 million. In Q2FY23, the Indian operations secured new business worth~ Rs 850 Crores across automotive & industrial applications, driven by market share gains in the PV business and new product introduction in the Industrial space. KSSL, the defence vertical of the company secured an export order worth US$ 155.50 million to supply the Artillery Gun system to a non-conflict zone. This contract is to be executed in 3 years In the first quarter post-acquisition, JSA has secured new orders worth~ Rs 100 Crores, with customer additions and high value-added product development being one of the key highlights. The synergistic benefits and network effects will play out fully over the coming 12- 18 months. The performance of the European operations has been adversely impacted mainly by lower-than-anticipated sales volumes for the aluminium forging business. The new Greenfield Aluminium Forging facility in North America is still in a ramp-up phase and operating at utilization levels below EBITDA break-even levels. We continue to expect this business to turn around in the second half of the fiscal. Looking ahead into Q3FY23, we expect stable performance across both the domestic and export markets driven by higher-end market demand as compared to Q2FY23. The European Aluminum operations performance will show gradual recovery over the next two quarters." Result PDF
Good show by Bharat Forge despite challenges, available at reasonable valuation
The medium to long-term demand outlook for the domestic business is promising on the back of pent-up demand, and an increase in economic and industrial activities
BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Analyst/ Investor Conference Call.