'
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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