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HomeMarket NewsBharat Forge Q1 Results: Management says FY26 to be a 'challenging period'; Stock slides
Bharat Forge's EBITDA margin narrowed to 27.1% from 27.9% last year, and was also lower than the 28% estimate.
Shares of Bharat Forge Ltd. fell to the lows of the day on Wednesday, August 6, in response to the management commentary after its June quarter results, which said that the current financial year would be a "challenging period" for the company.
The company also remains cautious on the US export business for the remainder of the financial year.
On a standalone basis, Bharat Forge's standalone revenue declined 10% from last year to ₹2,105 crore, which was marginally lower than the ₹2,173 crore figure projected in the CNBC-TV18 poll.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 12.4% from last year to ₹571 crore, which was lower than the CNBC-TV18 poll of ₹616 crore.
EBITDA margin narrowed to 27.1% from 27.9% last year, and also lower than the 28% estimate.
Shares of Bharat Forge fell to the lows of the day after the management commentary, currently trading 1.8% lower at ₹1,139.9. The stock has declined 11% in the last one month.
This is a developing story.
