Bharat Forge Q2 profit up 81% on robust export growth

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Pune-based forging company Bharat Forge beat street expectations with the second quarter net profit rising a whopping 80.5 percent year-on-year to Rs 174 crore led by strong sales and operational performance. Profit in the year-ago period was Rs 96.4 crore.

Profit was expected at Rs 155.1 crore on revenue of Rs 1,048 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.

Total income from operations grew by 34.7 percent to Rs 1,138 crore in the quarter ended September 2014 compared to Rs 845.1 crore in same quarter last year, driven by robust export growth (in particular from North American industrial and commercial vehicle market).

Babasaheb Neelkanth Kalyani, CMD said the company expects to achieve more significant order wins in the coming quarters.

"Looking ahead into Q3FY15, we expect demand to improve across all segment with volumes increasing compared to Q2FY15. We expect North America demand to increase while Europe is expected to soften a bit," he added.

Export revenue during the quarter jumped 50.5 percent year-on-year to Rs 697.5 crore while domestic revenue rose by 14.9 percent to Rs 411.4 crore during the same period.

Shipment tonnage jumped 22.8 percent to 52,560 tonnes, said the company in its filing.

Operating profit (earnings before interest, tax, depreciation and amortisation) surged 45.9 percent on yearly basis to Rs 325 crore and margin expanded 210 basis points to 28.5 percent as against expected growth of 34 percent and 190 basis points, respectively.

Tax expenses jumped by 72 percent to Rs 78.4 percent during the quarter from Rs 45.6 crore in corresponding quarter of last fiscal.

At 12:31 hours IST, the stock was quoting at Rs 857.55, up Rs 20.70, or 2.47 percent on the Bombay Stock Exchange.