Bharat Forge Results

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Brokerages have also highlighted that the energy crisis in Europe would be a big opportunity for Indian forging and casting companies such as Bharat Forge

Uncertainty on revival of demand is a key overhang for the stock

The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge

The company had posted a consolidated net loss of Rs 68.59 crore in the same quarter previous fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing

Analysts expect the M&HCV segment to fall by another 13-15% in FY21

Stock down 5% on weak truck and oil and gas outlook

Investors should avoid exposure with growth unlikely before FY21

Calling the quarter gone by as "the toughest in this decade", the management said weak end-demand across sectors due to the sluggish macroeconomic environment led to the continuous decline in demand

Total income during the quarter under review rose 30.63% stood at Rs 1,283.70 cr