Bharat Forge (BFL) (CMP: Rs 317.3, Mcap: Rs 14,730 crore), a leading auto ancillary metal forging company, yet again disappointed with a very weak set of numbers for the March quarter. The subdued show came amid a tough operating environment in the global as well as domestic automobile industries. The impact got further aggravated by the COVID-19 pandemic. A significant decline in volumes led to a steep fall in net revenues. Further, operating profit margin contracted due to negative operating...
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