Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Q3 FY2023 Earnings Presentation
14 slides from Bharat Forge's earnings presentation
Slide 1: Bharat Forge Ltd Analyst Update – Q3FY23
BHARAT FORGE LTD ANALYST UPDATE – Q3FY23
Slide 2: Analyst Update - Q3FY23 Results
Analyst Update - Q3FY23 Results BFL 3 Month Report: “The company registered a good performance in Q3 FY23 with record revenues of Rs 1,952 Crores. During the quarter, revenues grew sequentially by 4.7% while PAT grew sequentially by 8% In Q3 FY23, the Indian operations secured new business worth ~Rs
Slide 3: Standalone Financial Highlights Q3 FY23
Standalone Financial Highlights Q3 FY23 Revenue 19,521 18,639 MANAGEMENT COMMENTS 16,021 Revenues at Rs 19,521 million in Q3FY23 grew by 4.7% as compared to Q2 FY23 driven by 9.4% growth in Export sales. Domestic revenues declined by 1.7% due to lower PV production & seasonal weakness in STANDALONE
Slide 4: Review of India Business
Review of India Business Commercial Vehicles MANAGEMENT COMMENTS Automotive Business: During the quarter, MHCV production witnessed STANDALONE HIGHLIGHTS 2,520 2,428 sequential growth while the Passenger vehicles and LCV sector production 1,955 declined by ~ 10% & 14% respectively. BFL’s revenues fr
Slide 5: Review of International Business
Review of International Business Commercial Vehicles MANAGEMENT COMMENTS Automotive Business: The automotive export revenues has witnessed growth on both QoQ & YoY basis across Commercial & Passenger Vehicle segments. Revenues from the CV segment have grown by 5% while the PV 4,868 4,630 STANDALONE
Slide 6: Review of Export Business
Review of Export Business Rs. Million MANAGEMENT COMMENTS PARTICULARS Q3FY23 Q2FY23 Q3FY22 STANDALONE HIGHLIGHTS Americas 8,135 7,186 5,775 INDIA BUSINESS Europe 2,832 2,860 2,545 INTERNATIONAL BUSINESS Asia Pacific 696 618 298 CONSOLIDATED HIGHLIGHTS Total 11,663 10,664 8,618 ANNEXURES 6
Slide 7: Consolidated Financial Highlights Q3 FY23
Consolidated Financial Highlights Q3 FY23 Revenues MANAGEMENT COMMENTS 33,534 Rs. Million 30,763 STANDALONE HIGHLIGHTS 23,947 Particulars December 31, 2022 March 31, 2022 Oct-Dec 22 Jul-Sep 22 Oct-Dec 21 INDIA BUSINESS Long Term Debt 24,894 23,151 EBITDA WC & Bill Discounting 42,053 33,394 INTERNATI
Slide 8: Financial Annexures
FINANCIAL ANNEXURES Zz BHARAT FORGE | KALYANI
Slide 9: Standalone P&L Highlights Q3 FY23
Standalone P&L Highlights Q3 FY23 Rs. Million MANAGEMENT COMMENTS STANDALONE FINANCIALS Q3FY23 Q2FY23 QoQ% Q3FY22 YoY% Shipment Tonnage 62,755 61,149 2.6 53,365 17.6 STANDALONE HIGHLIGHTS Domestic Revenue 7,588 7,723 -1.7 7,221 5.1 Export Revenue 11,663 10,664 9.4 8,618 35.3 INDIA BUSINESS Other Ope
Slide 10: Standalone Balance Sheet Highlights as on December 31, 2022
Standalone Balance Sheet Highlights as on December 31, 2022 Rs. Million MANAGEMENT COMMENTS Particulars (Standalone) December 31, 2022 March 31, 2022 STANDALONE HIGHLIGHTS Long Term Debt 18,351 17,834 Working Capital & Bill Discounting 26,492 21,215 INDIA BUSINESS Equity 74,192 71,098 INTERNATIONAL
Slide 11: Subsidiary Financials
Subsidiary Financials Rs. Million Overseas Mfg. Ops Oct - Dec 2022 Jul - Sep 2022 Jul – Sep 2021 MANAGEMENT COMMENTS Total Revenue 10,726 9,470 6,853 EBITDA (626) (341) 623 STANDALONE HIGHLIGHTS EBITDA % (5.8)% (3.6)% 9.1% PBT before Ex Gain/(Loss) (1,514) (1,157) (96) INDIA BUSINESS EBITDA (ex of U
Slide 12: Indian Subsidiary Financials
Indian Subsidiary Financials Rs. Million Indian Subsidiaries Oct – Dec 2022 Jul – Sep 2022 Oct – Dec 2021 MANAGEMENT COMMENTS Total Revenue 2,212 1,686 473 EBITDA 15 (43) 36 STANDALONE HIGHLIGHTS PBT Before Exchange Gain/(Loss) (117) (219) (15) INDIA BUSINESS Rs. Million BF Industrial Solutions Oct
Slide 13: Disclaimer
DISCLAMER This presentation contains certain forward looking statements concerning Bharat Forge’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statement
Slide 14: Thank You
THANK YOU Bharat Forge Ltd Rajhagopalan S Tel: +91 98601 44866 Email: SRajhagopalan@bharatforge.com S-Ancial Technologies Pvt Ltd Vijay Gyanchandani / Vishal Mehta Tel: +91 96194 38448 / +91 93264 78472 Email: vijay@s-ancial.com vishal@s-ancial.com