Page 4 - Bharat Forge

Growth worries may keep Bharat Forge under pressure; earning estimate cut

Brokerages have cut their earnings estimates by up to 11 per cent, given the slowdown in multiple segments

Bharat Forge Q3 results: Profit up over 220% to Rs 254 cr, stock tanks 14%

The company's stock slid 14.04 per cent on the Bombay Stock Exchange (BSE) on Monday, ending the day's trade at Rs 1,130.3 apiece

Bharat Forge Q3 results: PAT rises 31% to Rs 378 cr, revenue at Rs 2,263 cr

Auto components major Bharat Forge on Monday said its profit after tax increased by 31 per cent to Rs 378 crore for the third quarter ended on December 31, 2023. The company had reported a profit after tax (PAT) of Rs 289 crore in the October-December period of last fiscal. Total revenue rose to Rs 2,263 crore for the period under review as against Rs 1,952 crore in the year-ago period, Bharat Forge said in a regulatory filing. "Looking ahead in the Q4 & further into FY25, we expect the growth momentum to moderate in both Domestic & Export market across industries," Bharat Forge Chairman & Managing Director BN Kalyani said. The company's endeavour will be to outperform the market driven by its diversified business mix, he added. The company said its board has accorded in-principal approval to raise funds not exceeding Rs 500 crore through term loan, non-convertible debentures or any other debt instruments. Shares of Bharat Forge on Monday declined 14.04 per cent to Rs ...

Bharat Forge sinks 13% as growth concerns lead to profit booking

Looking ahead in the Q4 & further into FY25, the management said it expects the growth momentum to moderate in both Domestic & Export markets across industries.

Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production

Auto components major Bharat Forge on Tuesday said it has inked an MoU with the Tamil Nadu government to invest Rs 1,000 crore over a period of five years to expand manufacturing footprint in the state. The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing. The MoU is non binding and at present does not have a material impact on operations of the company, it added. Bharat Forge shares were trading 1.09 per cent up at Rs 1,271.10 apiece on BSE.

Bharat Forge riding high on its domestic business, stock price up 39.3%

The rally has been driven by investors' expectations of continued growth in Bharat Forge's bread-and-butter business of automotive forgings and a faster ramp-up of volumes in its newer segments

Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

Bharat Forge option trading strategy: Deploy a bull spread for Dec expiry

Nandish Shah of HDFC Securities recommends to Buy Bharat Forge 1130 CALL and simultaneously sell 1180 CALL of the November series.

Global demand headwinds could weigh on Bharat Forge, says analysts

Analysts have cut the company's earnings per share estimates to factor in the slow recovery of its overseas subsidiaries. Valuations too, are trading at long-term averages which could limit upsides

Bharat Forge Q2FY24 result: Net profit jumps 51% YoY to Rs 214 crore

The total income for Q2FY24 came in at Rs 3,826.7 crore, compared to Rs 3,122.3 crore y-o-y, registering a rise of 22.56%

Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday

Ramkrishna Forgings bags 8.25 million Euro order in South America

Home-grown Ramkrishna Forgings on Tuesday said it has bagged an order worth Euro 8.25 million, about Rs 73.65 crore, for the supply of equipment to a client in the South American market. The company will be supplying front and rear axle components for the next five years, it said in a statement. "This contract represents a significant step in our journey to expand and diversify our operations in the South American market," said Ramkrishna Forgings CFO Lalit Kumar Khetan. "We are honoured to be chosen for this partnership which signifies not only our prowess in providing high-quality components but also solidifies our commitment to fostering innovation and excellence in the automotive segment," he said. The Kolkata-based company is a leading supplier of rolled, forged, and machined products. It has formed a joint venture with Titagarh Railsystems to manufacture and supply 80,000 wheels to the Indian Railways. The company, which exports to over 50 countries, has a manufacturing faci

Bharat Forge hits 52-week high as arm secures contract worth Rs 287.5 crore

Last week, Kalyani Strategic Systems bagged two export orders aggregating to EURO 93.87 million (around Rs 850 crore) from friendly countries for supply of components and armoured vehicle chassis

Kalyani Rafael Systems bags Rs 287.51 cr order to supply missile systems

Kalyani Rafael Advanced Systems Pvt Ltd on Monday said it has bagged a Rs 287.51 crore order from the defence ministry for the supply of missile systems. The company is a joint venture between Kalyani Strategic Systems Ltd (a wholly-owned defence subsidiary of Bharat Forge Ltd) and Rafael Advanced Systems Ltd of Israel. "The order is expected to be executed over the next 12 months," Bharat Forge said in a regulatory filing. The value of the order amounting to Rs 287.51 crore is inclusive of taxes, it added. Bharat Forge had set up Kalyani Strategic Systems Ltd, a 100 per cent subsidiary, as a flagship company to drive defence business initiatives of the group.

Defence business to drive growth for auto component major Bharat Forge

The company had won a new export order of Rs 280 crore in the quarter taking its total order book to Rs 2,300 crore

Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore

In an exchange filing on August 21, the company said that Kalyani Strategic Systems, Bharat Forge's wholly-owned subsidiary bagged two export orders to be executed over 18 months timeline

Bharat Forge Q1 net profit rises 33% to Rs 214 cr, revenues at Rs 3,877 cr

Auto components major Bharat Forge Ltd on Wednesday reported a 33.27 per cent increase in consolidated net profit at Rs 213.73 crore in the first quarter ended June 30, 2023. The company had posted a consolidated net profit of Rs 160.37 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing. Consolidated revenue from operations was at Rs 3,877.27 crore as against Rs 2,851.46 crore in the year-ago period, it added. Total expenses were higher at Rs 3,602.48 crore as compared to Rs 2,643.95 crore in the same period a year ago. Bharat Forge said its board at its meeting held on Wednesday also approved conversion of existing inter corporate deposits given by it to Kalyani Powertrain Ltd (KPTL), a wholly-owned arm, along with interest amounting to Rs 111.3 crore into equity shares, to reduce the overall borrowings at KPTL. The board also approved a further investment of an amount not exceeding Rs 150 crore in KPTL from time-to-time in one or more tranches. KPTL

Bharat Forge: Check why a bull-spread strategy is suitable for this stock

Buy Bharat Forge 860 CALL at Rs 21.25 & simultaneously sell 900 CALL at Rs 9.25 of the July series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities

Institutional shareholders vote against reappointment of Bharat Forge MD

Proxy advisory firms had recommended that investors vote against the special resolution to appoint B N (Baba) Kalyani as the managing director of Bharat Forge, citing his excessive remuneration

F&O Strategy for Bharat Forge: HDFC Securities recommends a Bull Spread

Buy Bharat Forge Rs 800 Call option and simultaneously Sell Rs 820 Call of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.