BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Bharat Forge Ltd.'s standalone revenue remained flat QoQ while margin dipped 475 basis points QoQ to weaker revenue from export (down 10% QoQ) dragged by lower revenue from international commercial vehicles (NA class 8/ Europe). Shipment tonnage de-grew 6% QoQ.
Management expects despite slowdown in order for class 8 trucks revenue to pick up due to strong order backlog (270,000 vehicle) which led to ramp up in production with improvement in chip supply.
Underlying demand for commercial vehicles in U.S. to remain robust driven by increased focus on infra spending and strong order backlog. However geopolitical issues and increasing energy cost may impact Bharat Forge's business in European Region.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
