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12-Feb-2024

Bharat Forge

Growth momentum to moderate across industries in Q4 FY24 and FY25


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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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