Bharat Forge Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Bharat Forge Ltd reported a 6.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 10.4%.
- Its expenses for the quarter were down by 5.9% QoQ and 10.3% YoY.
- The net profit decreased 12.5% QoQ and decreased 16.4% YoY.
- The earnings per share (EPS) of Bharat Forge Ltd stood at 4.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3513.91 | 3750.16 | 3922.36 | -6.3% | -10.4% |
Total Expenses | 3165.37 | 3364.39 | 3529.03 | -5.9% | -10.3% |
Profit Before Tax | 348.54 | 385.76 | 393.33 | -9.6% | -11.4% |
Tax | 134.22 | 141.88 | 140.59 | -5.4% | -4.5% |
Profit After Tax | 212.78 | 243.30 | 254.45 | -12.5% | -16.4% |
Earnings Per Share | 4.50 | 5.20 | 5.70 | -13.5% | -21.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bharat Forge Ltd is a leading Indian multinational company in the forging industry. It specializes in manufacturing a wide range of components for various industries, including automotive, aerospace, power, oil and gas, construction, and mining. As part of the Kalyani Group, Bharat Forge boasts a strong presence in both domestic and international markets, supported by state-of-the-art manufacturing facilities and advanced technology. The company is known for its innovation and engineering capabilities, which contribute to its leadership in the forging sector. Recent developments include expanding its footprint in the electric vehicle component market and enhancing its focus on sustainable manufacturing practices.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Bharat Forge Ltd reported a total income of ₹3513.91 crores. This represents a decline of 6.3% quarter-over-quarter (QoQ) compared to ₹3750.16 crores in the second quarter of fiscal year 2025 (Q2FY25). Additionally, on a year-over-year (YoY) basis, there was a decrease of 10.4% from the total income of ₹3922.36 crores in Q3FY24. These figures reflect a contraction in revenue generation over both the quarterly and annual periods, indicating a period of reduced income for the company.
Profitability
In terms of profitability, Bharat Forge Ltd recorded a profit before tax (PBT) of ₹348.54 crores in Q3FY25, showing a 9.6% decrease from Q2FY25's PBT of ₹385.76 crores. Compared to Q3FY24, when the PBT was ₹393.33 crores, there was an 11.4% decline. The profit after tax (PAT) for Q3FY25 stood at ₹212.78 crores, down by 12.5% QoQ from ₹243.30 crores in Q2FY25, and a 16.4% reduction YoY from ₹254.45 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹4.50, reflecting a decrease of 13.5% from ₹5.20 in Q2FY25 and a 21.1% drop from ₹5.70 in Q3FY24. These metrics indicate a downward trend in profitability, with reductions evident both quarterly and annually.
Operating Metrics
Bharat Forge Ltd's total expenses for Q3FY25 were ₹3165.37 crores, marking a decline of 5.9% from ₹3364.39 crores in Q2FY25 and a 10.3% decrease from ₹3529.03 crores in Q3FY24. The tax incurred during Q3FY25 was ₹134.22 crores, representing a 5.4% reduction QoQ from ₹141.88 crores in Q2FY25 and a 4.5% decrease YoY from ₹140.59 crores in Q3FY24. These figures highlight decreases in both expenses and tax liabilities over the observed periods, contributing to the overall financial performance of the company.
