BusinessQuiet 96d · day 97
Bharat Forge posts ₹90 crore Q1 loss on German restructuring charge, stock sinks 9%
A ₹358 crore exceptional item tied to German operations restructuring pushed the auto-and-defence components maker into a rare quarterly loss even as revenue grew.
What to know
- Bharat Forge swung to a Q1 FY27 net loss of about ₹90 crore, versus profit a year earlier, after a roughly ₹358 crore exceptional charge tied to restructuring its German operations.
- Revenue grew year-on-year but underlying profit before the exceptional item was around ₹321 crore, down about 5% YoY, missing analyst estimates.
- Shares fell 8-9% on the day of the results.
- The board simultaneously approved a fundraise of up to ₹2,500 crore and the incorporation of a new Malaysian subsidiary.
Bharat Forge Ltd. Auto components and defence forgings manufacturerBoard of Directors, Bharat Forge Corporate governance body of the company
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