'
Bharat Forge hosted
a conference call on Nov 14, 2024. In the conference call the company was
represented by, Mr. Amit B Kalyani- Vice Chairman & Joint Managing Director,
Mr. Subodh Tandale- Executive Director and Mr. Kedar Dixit- Sr. VP & CFO.
Key
takeaways of the call
Although revenue
declined by 2.3% YoY in Q2 FY25 due to weakness in the European automotive
markets, EBITDA saw a growth of 10.8%.
In Q2 FY25, the
group secured new orders worth Rs 1,207 crore across Defence, castings (Ferrous
& Aluminum) and the core forging business.
The order wins for
H1 FY25 amounts to Rs 2,216 crore with 2/3 coming from Defence & 1/3 from
components business. The executable order book as of September 30th stands at
Rs 5,905 Crore. The order book does not include any potential orders from
domestic or export market.
JS Auto continu...
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