Bharat Forge: Triggers in place as commercial vehicles see uptrend

Market share gains in passenger vehicles should aid incremental revenue gains

The Bharat Forge stock shed over 4 per cent intra-day on Tuesday after declaration of its March quarter (Q4) results, which were marginally below expectations. The company took a one-time loss of Rs 1.33 billion that saw its net profit fall 52 per cent year-on-year (y-o-y).  Adjusted for this, the net profit was Rs 2.33 billion. The stock, however, recovered on the back of strong outlook for various businesses and positive management commentary, closing 2.2 per cent down. 

Buoyed by a 25 per cent jump in volumes and growth rate across key segments, the company reported 30 per cent growth