Bharat Forge shares crack 10% post Q3 results as firm sees growth moderation in Q4, FY25

The stock got locked at its 10 per cent lower circuit limit at Rs 1,183.45 on BSE. With this, the Bharat Forge stock has slipped into negative terrain year-to-date.

Updated Feb 12, 2024 2:37 PM IST

Bharat Forge shares crack 10% post Q3 results as firm sees growth moderation in Q4, FY25

Bharat Forge Ltd shares cracked 10 per cent in Monday's trade following the company's December qurater results, as the company said it sees the growth momentum to moderate in both Domestic & export market across industries in the March quarter and further into FY25. In a BSE filing, the company said it would be looking to outperform the market driven by its diversified business mix.

The stock got locked at its 10 per cent lower circuit limit at Rs 1,183.45 on BSE. With this, the Bharat Forge stock has slipped into negative terrain year-to-date.

For the December quarter, Bharat Forge reported a 15.9 per cent growth in sales at Rs 2,263 crore. It reported Ebitda at Rs 645 crore, up 30.9 per cent. Ebitda margins came in at 28.5 per cent, up 330 basis points YoY, driven by favourable product mix and focus on cost optimisation.

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Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7: Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

Published on: Feb 12, 2024 2:37 PM IST

Bharat Forge shares crack 10% post Q3 results as firm sees growth moderation in Q4, FY25

The stock got locked at its 10 per cent lower circuit limit at Rs 1,183.45 on BSE. With this, the Bharat Forge stock has slipped into negative terrain year-to-date.

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