Q1 2025 Bharat Forge Ltd Earnings Call Transcript
Key Points
- Revenue grew by 6% YoY to INR4,106 crores.
- EBITDA increased by 23% YoY to INR759 crores.
- PBT saw a significant growth of 30% YoY to INR469 crores.
- EBITDA margins improved by 260 basis points to 18.5%.
- Secured new business worth INR980 crores across various sectors.
- Weak demand environment in Europe impacting operations.
- U.S. operations still posted an EBITDA loss of INR23 crores.
- Utilization in U.S. aluminum operations was low at 50%.
- Decline in PV business offsetting gains in oil and gas exports.
- Challenges in logistics and freight costs impacting margins.
Ladies and gentlemen, good day, and welcome to Bharat Forge Limited Q1 FY25 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Kedar Dixit, CFO, Bharat Forge Limited. Thank you, and over to you, sir.
Good afternoon, ladies and gentlemen, and thank you for participating in the call. I'll take you through the consolidated business highlights for the quarter. Along with me, I have Mr. Amit Kalyani, Vice Chairman and Deputy Managing Director; Raj Gopal who is the in charge of our IR operation; Subodh Tandale, who heads our Component Division and other finance colleagues.
On a consolidated basis, on a YoY, revenue grew by about 6% to INR4,106 crores, while EBITDA grew by 23% to INR759 crores, and PBT has also seen a significant growth of 30% to INR469 crores. EBITDA margins improved by 260 basis points on a YoY basis to 18.5% in this quarter with bulk of improvement driven by Indian entities. Consolidated
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