Slide 1: Analyst Update – Q2 FY20 Results
BHARAT FORGE LIMITED Analyst Update – Q2 FY20 Results BFL 3 MONTH REPORT “The quarter gone by has been the toughest period witnessed by the company in this decade. The sluggish macroeconomic environment in India resulting in weak end demand across sectors coupled with automotive OEM’s need to destoc
Slide 2: Standalone Financial Highlights Q2 FY20
STANDALONE FINANCIAL HIGHLIGHTS Q2 FY19 TABLE 1 Rs. Million Particulars Q2 FY20 Q1 FY20 QoQ % Q2 FY19 YoY % Shipment Tonnage 53,541 60,874 (12.0) 69,683 (23.2) Domestic Revenue 4,480 5,557 (19.4) 6,951 (35.6) Export Revenue 7,725 7,527 2.6 9,434 (18.1) Other Operating Income 390 382 407 Total Revenu
Slide 3: Company Review
TABLE 2 Rs Million Particulars September 30, 2019 March 31, 2019 Long Term Debt 15,887 15,722 Working capital & Bill Discounting 14,774 16,220 Equity 56,696 53,982 Cash 16,735 17,252 D/E 0.54 0.59 D/E (Net) 0.25 0.27 Long Term D/E (Net) (0.01) (0.03) ROCE 13.1% 21.2% RONW 14.8% 19.9% COMPANY REVIEW
Slide 4: India Business
INDIA BUSINESS Particulars Q2 FY20 Q1 FY20 % Change Q2 FY19 % Change M&HCV 48,689 89,142 -45.3 114,882 -57.6 LCV 127,705 143,617 -11.1 172,507 -26.0 Passenger Cars 605,337 629,000 -3.8 801,514 -24.5 Utility Vehicles 261,993 274,027 -4.4 278,759 -6.0 The downward spiral in the Indian automotive secto
Slide 5: Consolidated Financial Highlights Q2 FY20
CONSOLIDATED FINANCIAL HIGHLIGHTS Q2 FY20 TABLE 6 Rs. Million Particulars Q2 FY20 Q1 FY20 QoQ % Q2 FY19 YoY % Total Revenue 21,581 23,279 -7.3% 25,973 -16.9% EBIDTA 3,176 4,148 -23.4% 5,614 -43.4% EBIDTA % 14.7% 17.8% 21.6% PBT 1,966 2,761 -28.8% 4,277 -54.0% Exchange Gain/ (loss) 192 (44) (432) PBT
Slide 6: Overseas Manufacturing Operations
TABLE 8 OVERSEAS MANUFACTURING OPERATIONS Rs. Million Particulars Apr – Jun 19 Jan – Mar 19 Apr – Jun 18 Total Revenue 7,493 8,107 8,771 EBITDA 367 426 736 EBITDA % 4.9% 5.3% 8.4% PBT before Exchange Gain/(Loss) (64) (80) 292 The above results are for the quarter ended June 2019. While the weakness