Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Q4 FY25 Earnings Presentation
17 slides from Bharat Forge's earnings presentation, May 8, 2025
Slide 1: Presentation on Results for the quarter and year ended March 31, 2025
BHARAT FORGE May 8, 2025 To BSE Limited National Stock Exchange of India Limited Corporate Relations Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street, Fort, Bandra Kurla Complex, Bandra (East) Mumbai 400 001, Maharashtra, India Mumbai 400 051
Slide 2: Q4 & FY25 Analyst Update
Q4 & FY25 ANALYST UPDATE Inspiring Innovation. Worldwide. Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail
Slide 3: Management Commentary: FY25 Performance
Management Commentary: FY25 Performance BFL 3 Month Report: “in Q4 FY25, The company recorded Standalone Revenues of Rs 2,163 Crores and EBITDA of Rs 629 Crores (EBITDA margins of 29.1%) and PBT of Rs 494 crores. For the full year, revenues marginally dipped to Rs 8,844 Crores as against 8,969 Crore
Slide 4: Standalone Financial Highlights Q4 & FY25
Standalone Financial Highlights Q4 & FY25 Rs million Revenue Revenue 23,286 88,438 89,687 21,630 20,960 FY25 Revenues at Rs 88,438 million is flat despite weakness in European CVs, mixed performance in Export PV business. Oil & Gas recouped from the lows of FY24 while Defence displayed steady growth
Slide 5: Review of Export Business – Q4 FY25
Review of Export Business – Q4 FY25 Rs million 4,641 3,958 4,087 4,995 5,264 4,464 Q4 FY25 Q3 FY25 Q4 FY24 3,217 2,428 3,266 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial • CV exports to Europe sa
Slide 6: Review of Domestic Business – Q4 FY25
Review of Domestic Business – Q4 FY25 Rs million 2,421 2,279 2,659 Q4 FY25 5,126 Q3 FY25 Q4 FY24 4,475 6,349 786 985 901 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial • CV business growth was attr
Slide 7: Review of Export Business – FY25
Review of Export Business – FY25 Rs million 15,962 20,152 15,454 21,134 FY25 FY24 11,167 12,694 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial • FY25 was a flat year for the Commercial vehicles business in the context of flat industry volumes in U
Slide 8: Review of Domestic Business – FY25
Review of Domestic Business – FY25 Rs million 9,627 10,341 FY25 FY24 3,622 22,359 23,283 2,997 Commercial Vehicles Passenger Vehicles Industrial Commercial Vehicles Passenger Vehicles Industrial • CV business had a slow start to the year, however a good come-back in Q4 thanks to market growth result
Slide 9: Export Break up by Geography
Export Break up by Geography In Rs million Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Americas 8,161 8,540 7,883 33,168 31,755 Europe 3,204 2,333 3,734 11,363 13,286 Asia Pacific 956 637 871 2,750 4,242 Total 12,321 11,510 12,488 47,281 49,283
Slide 10: Consolidated Financial Highlights – Q4 & FY25
Consolidated Financial Highlights – Q4 & FY25 Rs million Revenue Revenue 41,644 1,51,228 1,56,821 38,528 34,756 In Rs million FY25 FY24 Long term Debt 19,839 24,605 Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 WC Loans & Bill Discounting 43,044 50,616 EBITDA EBITDA Equity 92,206 71,653 6,711 6,534 27,576 25,66
Slide 11: Financials Annexures
s BHARAT FORGE x KALYANI Financials Annexures
Slide 12: Standalone P&L Highlights – Q4 & FY25
Standalone P&L Highlights – Q4 & FY25 In Rs mi l l i on Q4 FY25 Q3 FY25 QoQ (%) Q4 FY24 YoY (%) FY25 FY24 YoY (%) Sale Tonnage 67,309 61,507 9.4% 65,962 2.0% 2,60,415 2,71,291 -4.0% Domestic 9,309 9,450 -1.5% 10,798 -13.8% 41,157 40,404 1.9% Export 12,321 11,510 7.0% 12,488 -1.3% 47,281 49,283 -4.1%
Slide 13: Standalone B/S Highlights – FY25
Standalone B/S Highlights – FY25 In Rs million FY25 FY24 Long term Debt 12,865 17,107 WC Loans & Bill Discounting 26,770 26,892 Equity 1,09,643 85,688 Cash 26,228 25,250 RoCE (Net) 18.1% 20.0% Debt/ Equity (Net) 0.17 0.22 12
Slide 14: Consolidated Financials Reconciliation
Consolidated Financials Reconciliation Rs million FY25 Indian Operations Overseas Operations E-Mobility Consolidated Revenue from Operations 1,03,262 47,869 97 1,51,228 EBITDA 27,755 486 -665 27,576 EBITDA (%) 26.9% 1.0% - 18.2% PBT (incl Other Income) 22,027 -4,638 -933 16,456 Exchange Gain / (Loss
Slide 15: Overseas Financial Highlights – Q4 & FY25
Overseas Financial Highlights – Q4 & FY25 Rs million European Mfg Operations Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Revenue from Operations 9,075 8,889 11,377 38,102 43,596 EBITDA 111 100 332 957 1,410 EBITDA (%) 1.2% 1.1% 2.9% 2.5% 3.2% PBT before Exchange Gain/ (Loss) -711 -917 -539 -2,684 -2,065 US Mf
Slide 16: Indian Subsidiary Financials – Q4 & FY25
Indian Subsidiary Financials – Q4 & FY25 Rs million KSSL Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Revenue from Operations 2,757 3,195 4,654 15,670 14,220 EBITDA 140 184 113 987 662 EBITDA (%) 5.1% 5.8% 2.4% 6.3% 4.7% PBT before Exchange Gain/ (Loss) 187 241 256 1,192 1,186 KPTL Q4 FY25 Q3 FY25 Q4 FY24 FY25
Slide 17: Thank You
Thank You Rajhagopalan S Tel: +91 9860144866 Email: Srajhagopalan@bharatforge.com Chinmay Chhatre Tel: +91 9930512932 Email: chinmay.chhatre@bharatforge.com Automotive | Renewable Energy | Oil & Gas | Defence | Aerospace | Marine | Construction & Mining | Rail