'
Bharat Forge hosted
a conference call on Feb 12, 2024. In the conference call the company was
represented by, Mr. Amit B Kalyani- Deputy Managing Director, Mr. Subodh
Tandale- Executive Director and Mr. Kedar Dixit- Sr. VP & CFO.
Key
takeaways of the call
In Q3 FY24, key
driver of growth has the successful ramp-up of the defence business, in
addition to the growth in the core forging business.
In Q3 FY24,
America contributed 66.55% to total revenue, Europe 23.24 and Asia 10.21.
India CV business
registered a 9% YoY growth in 9M FY24 mirroring the overall market growth.
North American CV
business continued to be marginally positive. Class 8 build rates, inventory
levels and sales remain steady. European CV performance was subdued, as
economic recovery remained patchy. CV business trajectory continues to revolve
around market share gains and addition...
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