Bharat Forge increased its consolidated net profit by 9.3 percent in the 4th quarter of 2022 and amounted to 231.86 crore rupees against 212.12 rupees in the 21st quarter of 2021. Revenue from operations in the 4th quarter was Rs 3,573.09 against Rs 2,082.85 in the 4th quarter of the last fiscal year due to growth in both domestic and export markets.

The company’s total expenses in the fourth quarter were higher and amounted to Rs 3,295.61 against Rs 1,840.63 for the same period a year ago. EBITDA margin of 25.7% in the IV quarter of 2222 remained compared to the IV quarter of 2021, despite inflationary pressure on expenditures.

With regard to the growth of the automotive segment, Bharat Forge argued that despite problems such as supply chain problems, increased cost of ownership due to regulatory problems, high inflation of input materials, all segments of the industry showed double-digit growth in the range of 20 percent for PV. up to 50 percent for MHCV. The growth of the company’s revenues from the CV segment corresponded to the growth of the base market.

Bharat Forge Chairman and Managing Director Baba Callani said: “In the 22nd fiscal year, Indian businesses have received new orders worth Rs 1,000 crore in the automotive and industrial sectors. This includes a healthy blend of existing and new customers in traditional and new products. New orders worth $ 150 million for steel and aluminum forgings in North America have been secured in international operations. ”

Hookah explained that these orders in the US are received from six OEMs and provide greater visibility of growth in the medium and long term. Adding details on how EV’s business is evolving, he added that “Vertical EV has received orders from global EV manufacturers to supply aluminum castings and the first order from Indian OEM to supply DC-DC converters.

At the consolidated level, Bharat Forge’s management expects that 23 f.g. will be a strong year, characterized by cash growth coupled with strong cash flows, increased operations in U.S. Aluminum, a contribution to profits from new verticals, and a further diversified revenue structure. As for individual business, we expect further growth in key markets in all sectors. Reducing the pressure on costs and tightness of supply chains will ensure the replenishment of final demand in different regions, “- added Cagliani.–fy23-seen-stronger-81757

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