Motilal Oswal: Bharat Forge Q1 Review - Near Ebitda Breakeven Quarter Despite 20% Utilisation

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Bharat Forge Ltd.’s Q1 FY21 operating performance was commendable considering Ebitda breakeven at 20% utilization.With enhanced capabilities, improved efficiency, low gearing, and a strengthened position in the global supply chain, Bharat Forge would come out stronger from this downcycle.Standalone revenue declined approximately 68% YoY to approximately 4.3 billion; however, Ebitda/profit after tax loss of approximately Rs 74 million/Rs 563 million was reported.While tonnage declined 71% YoY, realizations grew 8% YoY (9% QoQ) to Rs 239.3 kilo/tonne (estimate Rs 223.7k).The Auto segment’s revenues declined 78% YoY, impacted by decline across segments, with 85%/86% and approximately 79%/53% declines in commercial vehicle/passenger vehicle (domestic and exports, respectively).The Non-Auto segment’s revenue declined approximately 51%, impacted by similar declines in both domestic and export revenues..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Bharat Forge Q1 Review - Near Ebitda Breakeven Quarter Despite 20% Utilisation

Motilal Oswal: Bharat Forge Q1 Review - Near Ebitda Breakeven Quarter Despite 20% Utilisation

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