Bharat Forge Q4 Review - Focus On Accelerating Growth: ICICI Direct
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ICICI Direct Report
Bharat Forge Ltd. reported a robust performance in Q4 FY21.
Standalone revenue came in at Rs 1,307 crore (up 26.2% quarter-on-quarter), amid 9.6% QoQ tonnage growth to 55,837 million tonnes.
Total India revenue stood at Rs 565 crore (up 9.6% QoQ).
Export revenue, on the other hand, were a real surprise and were up 42.9% QoQ to Rs 731 crore.
Standalone Ebitda for the quarter was at Rs 359 crore, with consequent margin at 27.5%.
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