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Earnings

Bharat Forge Q3 earnings: Profit likely to grow at 16 percent

Updated : February 13, 2019 10:12 AM IST

Indian multinational company Bharat Forge will announce its quarterly results on Wednesday. The stock has fallen 40 percent in the last one year, trading at close to 52-week low. However, the numbers are expected to be good.

Here's what you should expect from the company today:

  • The analysts are expecting a revenue growth of around 20 percent.

  • Margins are expected to be stable at around 29 percent.

  • Profit growth is likely to be about 16 percent.

  • Although the domestic commercial vehicle business was under a bit of a slowdown, the export business has picked up.

  • The domestic commercial vehicle (CV) business has been under pressure but that will be offset by better execution of the industrial orders.
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