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Bharat Forge’s Q3 Net Profit Is Rs. 337 Crores ─ Surges 264%

05 August 20223 mins read by Angel One
Bharat Forge’s Q3 Net Profit Is Rs. 337 Crores ─ Surges 264%
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On Thursday, 10 February 2022, Bharat Forge posted a consolidated net profit of around Rs. 337.30 crores for the third quarter ended in December. It grew 264% on a YoY basis. To know the details, continue reading!

Know About Bharat Forge’s Revenue!

The revenue of this forging company is worth Rs. 1,602 crores during Q3 FY 22, rising 54.7% on the year. There is a decline in Bharat Forge’s export revenue because of the scarcity of semiconductor chips. The export markets have been significantly impacted by the persisting supply chain problems.

This entity’s EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to Rs. 407.7 crores, hiking 89.8% YoY basis. Its EBITDA margin increased from 20.7% in Q3 FY 21 to 25.4% in Q3 FY 22.

Although Bharat Forge reported a robust demand during the 3rd quarter of FY 22, the agri equipment segment can stay under pressure. The stock stood at Rs. 728.9 on the Bombay Stock Exchange, dropping 2.55%.

Get an Insight into Bharat Forge!

BFL (Bharat Forge Ltd.) is a Pune-based multinational company that provides critical components and innovative safety to industrial sectors, including oil & gas, mining, aerospace, marine, automotive, railways, power, defence and construction. The entity is a subsidiary of Kalyani Group. It has the region’s greatest repository of metallurgical knowledge and offers products such as crankshafts, connecting rods, steering knuckles and axle beams.

It is India’s largest exporter and producer of automotive components and is a leading manufacturer of chassis components. Its production facilities are spread across North America, France, Sweden, Germany and India.

Wrapping Up

Investors are not that impressed with the Q3 FY 22 margins of Bharat Forge. Despite strong demands, the inflationary cost may affect profitability from international operations. The company is actively connecting with its consumers for recovering increased costs. It is expecting a positive sales development in both export and domestic markets.

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Frequently Asked Questions

1. What is the incorporation year of Bharat Forge?

Bharat Forge was incorporated in 1961. Its commercial production commenced in 1996.

2. From which year did Bharat Forge start the supply of engines to the UK?

In 1991, Bharat Forge commenced the supply of chassis and engine components to UK, USA and Japan.

3. Who is Bharat Forge’s founder?

Neelkanth Kalyani, a veteran industrialist, is the founder of Bharat Forge during the year 1951. He was awarded the Padmashri in 1991 for his excellence in the agricultural and industrial sectors.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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