Bharat Forge's March results hit as key segments face multiple headwinds

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

The Bharat Forge stock slipped over 10 per cent on weak March quarter (Q4) results and a muted outlook for its key business segments. Falling demand in end-user sectors and the impact during the second half of March because of Covid-19 led to a fall in revenues by 47 per cent, while operating profit fell by nearly 70 per cent year-on-year (YoY) in Q4. 

The company indicated a Rs 200-crore impact on the top line and Rs 90 crore on profitability in the quarter because of the pandemic. 

The company, which reported a profit before tax in the year-ago quarter