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08-May-2024

Bharat Forge

Growth outlook remains positive in FY25 supported by strong defence business and ramp-up of exports


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Bharat Forge hosted a conference call on May 8, 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 FY24, the company reported strong performance driven by execution on defence export order and the continued strong ramp-up of exports business across all business segments except Oil & Gas.

The company’s group’s defence business recorded revenues of Rs 1,561 crore, a near 4X jump as compared to FY23.

The company secured new orders worth Rs 4,494 crore across artillery systems, armored vehicles and consumables. The executable order book stands at Rs 5192 crore as of March 31, 2024.

In Q4 FY24, EBITDA margin increased driven by improved product mix.

In Indian automotiv...



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