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Bharat Forge Q4 results today: Key things to watch out for

Updated : May 20, 2019 08:30 AM IST

Bharat Forge will be reporting its fourth-quarter earnings on Monday and analysts expect the company to report a good set of earnings this time.

  • For Bharat Forge, it will be a good set of numbers, led largely by the non-auto segment both domestic and exports which was very strong. There is oil and gas segment, the industrial segment – which did pretty well for the company – and that will reflect on the numbers.

  • On the auto front, the commercial vehicle (CV) growth was strong in the export market but the domestic market continues to be very weak. All in all, the consolidated revenues are expected to grow by 16.5 percent. the EBITDA expected to go up by almost 25 percent this time around and a profit growth of 50 percent is what the street is estimating.

  • Because of the slowdown in the auto segment, ex of CV, the shipment tonnage growth has slowed down to low single digits. So the analysts are expecting 1.5 percent year-on-year (YoY) shipment tonnage growth to come in at about 70,000 tonne or so and on the margin front, a slight improvement from same time last year, so 27 percent were the margins same time last year – 28.7 is what is expected this time because of good performance in both the oil and gas and the industrial segment.
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