BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Recommendation for appointment of B S R & Co. LLP as Statutory Auditor of the Company, subject to the approval of Members at the ensuing Annual General Meeting of the Company BHARAT FORGE LTD. - 500493 - Board recommends Final Dividend
Bharat Forge Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2022, inter alia, have recommended a final dividend of Rs. 5.50 per equity share of the face value of Rs. 2/- each (at the rate of 275%) for the financial year ended March 31, 2022, subject to approvai of the Members of the Company at the ensuing Annual GeneralMeeting. The final dividend for the financial year ended March 31, 2022, if approved by member, will pe paid on or after August 19, 2022. Q4FY22 Quarterly Result Announced for Bharat Forge Ltd.
Engineering company Bharat Forge announced Q4FY22 results: Q4FY22 (Standalone): Revenues at Rs 16,741 million in Q4FY22 grew by 28.0% as compared to Q4 FY21 on back of 26.7% growth in domestic revenues and 28.5% growth in export revenues. EBITDA margins at 25.7% in Q4 FY22 improved marginally as compared to both Q3 FY22 and Q4 FY21. Absolute EBITDA has grown by healthy 29.3% in Q4 FY22 as compared to Q4 FY21. PBT before Exchange gain/ (loss) of Rs 3,520 million in Q4 FY22 as against Rs 2,509 million in Q4 FY21, a growth of 40.3% FY22 (Standalone): Robust revenue growth of 71.3% on back of sharp recovery in Domestic & Export markets and pass thru impact of raw material inflation. EBITDA in FY22 has more than doubled as compared to FY21 benefitting from a sharp increase in utilization and favorable product mix. EBITDA margins at 26.9% in FY22 as compared to 20.1% in FY21. PBT of Rs 13,288 million in FY22 has witnessed a sharp growth of 209.2% as compared to FY21. B. N. Kalyani, Chairman & Managing Director, Bharat Forge said, "The company ended the year on a strong note with topline growing by 28% to Rs 16,741 million driven by pickup in both domestic & Export markets. EBITDA margins at 25.7% in Q4 FY22 were maintained as compared to Q4 FY21, despite cost inflationary pressures. PBT for the quarter at R 3,520 million was a growth of 40.3% as compared to Q4 FY21. In FY22, the Indian operations has secured new orders worth ~ Rs 1,000 Crores across automotive & industrial application. This includes a healthy mix of existing and new customers across traditional & new products. In the international operations, new orders worth US$ 150 million have been secured across steel & Aluminum forging operations in North America. These orders wins from marquee OE Ms provides a lot of growth visibility in the medium to long term. The EV vertical has secured orders from a global EV OEM for supply of aluminum castings and its maiden order from an Indian OEM for supply of DC-DC converters. At a consolidated level, we expect FY2023 to be a strong year characterized bytopline growth coupled with strong cashflows, ramp up of the US Aluminium operations, revenue contribution from the newer verticals and a further diversified revenue mix. For the standalone business, we expect continued growth in the key markets across all sectors. Easing of cost pressures & supply chain tightness will provide a fillip to the end demand across geographies." Result PDF BHARAT FORGE LTD. - 500493 - Earnings Update For Q4 Of FY 2021-22
Earnings Update For Q4 Of FY 2021-22 BHARAT FORGE LTD. - 500493 - Financial Results For Quarter And Financial Year Ended March 31, 2022
Financial Results For Quarter And Financial Year Ended March 31, 2022 BHARAT FORGE LTD. - 500493 - Board Meeting Outcome for Board Meeting Outcome For Submission Of Audited And Consolidated Financial Results For Quarter And Financial Year Ended March 31, 2022 And Recommendation Of Declaration Of Final Dividend.
Board Meeting Outcome for Submission Of Audited And Consolidated Financial Results For Quarter And Financial Year Ended March 31, 2022 and recommendation of declaration of Final Dividend. BHARAT FORGE LTD. - 500493 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Analyst / Investor Conference Call Invitation. BHARAT FORGE LTD. - 500493 - Board Meeting Intimation for (A) Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On March 31, 2022; (B) Recommendation Of Final Dividend
BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2022 ,inter alia, to consider and approve (a) Audited standalone and consolidated Financial Results for the quarter and year ended on March 31, 2022; (b) Recommendation of Final Dividend BHARAT FORGE LTD. - 500493 - Implementation Of Voluntary Retirement Scheme Of The Company.
Implementation of Voluntary Retirement Scheme of the Company.