Bharat Forge Q4 Review - Focus On Accelerating Growth: ICICI Direct

Bharat Forge Ltd. signage is displayed at the entrance of its headquarters. (Source: Company website).

Bharat Forge Q4 Review - Focus On Accelerating Growth: ICICI Direct

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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.

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%.

Click on the attachment to read the full report:

ICICI Direct Bharat Forge Q4FY21 Result Update.pdf

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