Page 7 - Bharat Forge

Higher exports to drive revenue for Bharat Forge

Rebound in non-automobile segments holds key

Industrial segment boost for Bharat Forge

Domestic commercial vehicles segment remains key area of concern

BHEL, Bharat Forge and two others announce bonus shares today

Bharat Forge, BHEL, Bharat Electronics and Manpasand Beverages have announces bonus shares today.

Bharat Forge: Headwinds in domestic CV segment offset positive US growth

Given the market share gains, any correction in the stock price would be a good opportunity to buy

Exports, non-auto add muscle to Bharat Forge Q4

The Bharat Forge stock was up 4 per cent on strong March quarter results which beat expectations on all fronts. After falling year on year for the last five quarters, revenues led by higher volumes and realisations grew 11.6 per cent year on year in the March quarter to Rs 1,183 crore compared to consensus estimates which pegged it at Rs 1,067 crore. Growth was led by exports (half its overall revenues) which grew 12 per cent over the year ago quarter. In addition to auto, one of the key sectors that has seen a bit of a rebound is oil and gas space. The company recorded revenues of Rs 300 crore in FY17 for this segment, half of which came in the March quarter. This was due to strong growth in US rig count and an accelerated deployment of idle capacity in the March quarter. The company indicated that demand in the non-auto exports space is also coming back as companies have started restocking and there will be a gradual improvement in the base business in mining and construction. ...

Bharat Forge Q4 net profit up 25% at Rs 207 crore

Company had posted a net profit of Rs 165.57 crore during the same period of previous financial year

Bharat Forge: Some US sales' respite amid headwinds

Higher demand momentum in auto, industrial segments crucial both in US, India for growth trajectory

Hybrid, connected vehicles to drive Bharat Forge growth

It gets half of its revenue from commercial vehicles and another 40% from industrial buyers

Bharat Forge eyes hybrid, connected vehicles

A foot into these new areas will help the company go beyond its traditional products

Key verticals to shine for Bharat Forge in 2017

The bottoming out of the US heavy truck segment and rising crude oil prices should boost export revenues

Bharat Forge nears 52-week high; stock up 5%

In past one-month, post Q2 results, the stock outperformed the market by gaining 13% against 3.5% decline in Sensex.

Bharat Forge acquires US-based WFT and PMT Holding for Rs 95 crore

With the completion of this transaction Walker Forge Tennessee and PMT Holdings, USA have become indirect subsidiaries of the company

Bharat Forge acquires US-based Walker Forge Tennessee for $14 mn

Move to give it manufacturing presence in US; resembles its past acquisitions strategies to penetrate European market

Bharat Forge Q3 net profit slips 26% Y-o-Y

Co's board of directors also approved the divestment of its entire share of investment in ALSTOM Bharat Forge Power Private Ltd

Auto part suppliers' buying spree could be costly

Companies are looking at overseas buyouts to beat the slowdown, but many of the earlier acquisitions are still making losses

Are Bharat Forge's prospects turning around now?

How the oil and gas vertical shapes up will also play a key role in incremental growth

Bharat Forge: The bottoming out effect

June quarter results were disappointing; stock gained on expectations the worst is over

Bharat Forge Q1 drops 37.7% to Rs 122 crore

The company has also witnessed a decline of 19.3% in its revenue to Rs 957.10 crore as compared to Rs 1,186.10 crore last year

Bharat Forge: Earnings cut on weak exports

Robust domestic sales of medium and heavy commercial vehicles could provide some cushion

Bharat Forge stock down over 3% on corporate governance issue, weak outlook

CLSA raises concern on company selling 49% stake of defence subsidiary to promoters