 "Exports, non-auto rebound to add muscle to Bharat Forge's sales")
The Bharat Forge stock on Wednesday gained four per cent on strong March quarter results, which beat expectations on all fronts. After falling year-on-year (y-o-y) for the past five quarters, revenue, led by higher volumes and realisations, grew 11.6 per cent over a year in the quarter to Rs ,183 crore, compared to the consensus estimate of Rs 1,067 crore.
Growth was led by exports (half its overall revenue), which grew 12 per cent over a year ago. In addition to automobiles, the oil and gas space has seen some rebound. The company recorded revenue of Rs 300 crore in
