Strong Q1 show, favourable outlook to support Bharat Forge stock

Company's outperformance in Q1 was due to strong exports, margin gains

Better than expected results in the June (Q1FY22) quarter as well as positive commentary on growth led to a 6 per cent jump in the stock price of Bharat Forge. The management indicated that September (Q2FY22) quarter growth would be better than Q1 led by both domestic and export performance which should support the stock price.

The 4 per cent sequential growth in revenues (1.2 per cent on a consolidated basis) was led by exports which grew 25 per cent. The strong exports growth was aided by both the auto and industrial segments and helped offset the 22 per cent