Bharat Forge Q3 Results Preview: Net profit likely to jump 3.9 times aided by lower input costs

Bharat Forge Q4 results 2024 date, Bharat Forge Q4 results preview: Bharat Forge is all set to report its financial results for the October-December period (Q3 FY24) on Monday, February 12. Analysts expect lower input costs and better realisations to boost the profitability of Pune-headquartered Bharat Forge, a forging company that supplies a range of safety and critical components to automotive, railways, defense, construction, aerospace and other sectors.

What to expect in Bharat Forge Q3 FY23 earnings?

According to Zee Business research, Bharat Forge is estimated to report a 3.9 times year-on-year jump in consolidated net profit to Rs 305 crore for the quarter ended December 31, 2023. The analysts peg the forging company’s consolidated revenue for the fiscal third quarter at Rs 4,015 crore, up 19.7 per cent compared with the corresponding period a year ago.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) are expected to grow 46.1 per cent to Rs 685 crore, according to the research.

Zee Business analysts peg Bharat Forge’s quarterly margin—a key measure of profitability for a business—to improve to 17.1 per cent for the quarter ended December 31, 2023, from 14 per cent a year ago, aided by favourable input costs and better operating leverage. They estimate the Pune-based company’s standalone tonnage to increase 15 per cent, and realisations to improve by 4.4 per cent to Rs 3.24 lakh per tonne.

The forging company is expected to benefit from a low base in the non-auto segment last year. Investors will track Bharat Forge earnings closely for the management’s outlook on defence and airspace segments.

How Bharat Forge fared in July-September period (Q2 FY24)

Bharat Forge Ltd on Monday reported a 51.78 per cent jump in consolidated net profit at Rs 214.87 crore in the second quarter ended September 30, driven by strong performance across verticals and geographies. 

Consolidated revenue from operations during the quarter under review stood at Rs 3,774.19 crore, as against Rs 3,076.39 crore in the year-ago period. Read more 

Bharat Forge shares: Past performance

The Bharat Forge stock finished the December quarter over 13.4 per cent stronger outperforming against 10.7 per cent gains in the Nifty50 indices.

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