'
Bharat Forge hosted
a conference call on Feb 12, 2025. 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
In Q3 FY25, the
company reported 10% YoY decrease in consolidated revenue. The primary factor
for decline in performance is the sluggish economic condition in EU, which
impacted the performance of the European operations and exports into Europe.
Despite a lower
topline, EBITDA margin sustained due to a favorable product mix in Q3FY25.
In Q3 FY25, America
contributed 74% to revenue, Europe 20%, and Asia 6%.
The lumpy nature
of the defence business also affected the performance of the company in the
quarter.
Bharat Forge
group secured new or...
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