Bharat Forge Q3 Review - Beat Estimates, Better Days Ahead: Dolat Capital
Bharat Forge Ltd. Machining Facility (Image: Company website)

Bharat Forge Q3 Review - Beat Estimates, Better Days Ahead: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Bharat Forge Ltd. reported better than expected numbers in Q3.

Standalone revenue de-grew 4%YoY to Rs 10.4 billion while Ebitda margin stood at 20.7% (-114 basis points YoY).

Tonnage grew by 8%, while realisation fell by 11%(due to change in product mix).

Management stated that commercial vehicle demand is recovering well in both India and overseas.

The passenger vehicle segment is likely to continue to outpace the underlying industry performance led by expansion of the product portfolio.

Click on the attachment to read the full report:

Dolat Capital Bharat Forge Q3FY21 Result update.pdf

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