November 14, 2024
New Delhi, India
Q2 Results
Bharat Forge (BFL) released its Q2 FY25 earnings on November 14, reporting a consolidated net profit of ₹243 crore, marking a 13.55% YoY increase from ₹214 crore in Q2 FY24.
Key Financial Highlights:
- Revenue: ₹3,689 crore, a 2.3% decline YoY, impacted by weak European automotive market demand.
- EBITDA: ₹690 crore, up 10.8% YoY.
- EBITDA Margin: Improved by 220 basis points to 18.7% from 16.5% last year.
Order Wins and Segment Performance:
- New Orders: ₹1,207 crore secured across defence, core forging, and casting businesses in Q2.
- Defence Segment: Revenue jumped 67% YoY to ₹509 crore, with order wins of ₹642 crore. The defence order book stands at ₹5,905 crore as of September 30.
- JS Auto: Revenue surged 32% to ₹165 crore, while EBITDA rose 60% to ₹20 crore YoY, benefiting from supply chain shifts to India.
Overseas Operations and Market Outlook:
- Overseas Sales: ₹1,145 crore, with EBITDA at ₹16 crore, impacted by sluggish economic conditions in Europe.
- H2 FY25 Outlook: The company anticipates stable performance, focusing on revenue growth and profitability improvements across subsidiaries.
Stock Market Reaction:
- Post-earnings, Bharat Forge’s shares surged by 1.6% to ₹1,340.85.
- The stock, however, remains 25% below its all-time high of ₹1,804.
Chairman & MD B.N. Kalyani expects steady performance in the second half of FY25, driven by a focus on growth and profitability.
Stay updated with CurrencyVeda for more detailed financial insights and market trends.
Latest Q2 Results
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