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Bharat Forge Limited June-23 Quarter (Bharat Forge), Revenue soars by 6.8% to Rs.3877 Crore and Profit flies by 67.3% to Rs.214 Crore.

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Bharat Forge Limited June-23 Quarter (Bharat Forge), Revenue soars by 6.8% to Rs.3877 Crore and Profit flies by 67.3% to Rs.214 Crore.                                                                 

Bharat Forge, has reported a revenue of Rs.3877 Crore, which has crosses by 6.8% as compared to previous quarter revenue of Rs.3629 Crore. As compared to revenue of June-22, there is a increases sharply by 36.0% from Rs. 2851 Crore. to Rs.3877 Crore.                         


                                                                        

Bharat Forge , Quarterly Profit has skies by 67.3% to Rs.214 Crore from Rs.128 Crore . Net Profit Margin of the company zooms from 3.5% to 5.5%.                                                                         

 

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has zooms to 15.4% from 12.1%. The reason for the crosses of EBITDA Margin is due to,                                                                       

a) Cost to Revenue % of Cost of Sales has nearly stays similar to 48.4% (Previous Quarter: 48.3%). Cost of Sales in absolute terms has rise from Rs.1751 Crore to 1878 Crore.                                                                       

b) Cost to Revenue % of Employee Cost has soars to 12.2% (Previous Quarter: 11.6%). Employee Cost in absolute terms has crosses from Rs.420 Crore to 473 Crore.                                                                 

c) Cost to Revenue % of Other Expenses has slip to 24.0% (Previous Quarter: 28.1%). Other Expenses in absolute terms has slides from Rs.1019 Crore to 931 Crore.                                                             

 


The finance cost has zooms from Rs.97.29 Crore to 114.5 Crore by 17.7%.                                                                         

Price to Earning (PE) ratio of the company is 85.83 as compared to the Industry PE of 42.51. High PE signifies that there can be scope of correction in prices in future, unless market estimates high growth in the company. Companies Return on Equity (ROE) is 8.4% and Return of Capital Employed (ROCE) is 10.1%                                                                   

                                                                          

To summarize, Revenue has crosses by 6.8%. Gross Margin has slightly changes from 51.7% to 51.6%. EBITDA Margin has zooms to 15.4% from 12.1%. and Net Profit After Tax Margin has zooms from 3.5% to 5.5%.                                                                      

The Brief of Quarterly Results is as follows:


 

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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