Revenues at INR 2249.4 crore in Q2FY24 grew by 21% YoY driven by 21% growth in export and 21% growth in domestic revenue. PV exports grew39% YoY. Growth in domestic revenues was driven by 1.5X increase in Defence business, the company said
Revenue from operations grew to INR 3,076 crore in Q2 from INR 2,386 crore in the September quarter last year
The acquisition will enable Bharat Forge to expand its product portfolio while strengthening its presence in south India, the company release stated.
Amit Kalyani, MD of Bharat Forge made the remark while speaking at a panel discussion hosted at ETAuto Smart Factory Virtual Summit 2020 where industry magnates delved deep into the impact of industry 4.0 on the assembly line and workforce, the scenario for job creation and labour laws.
BFHK was principally engaged in investment holding, Bharat Forge stated.
The contactless thermal screening system with RFID badge reader records the temperature of associates at high speed with accuracy and also maintains an automatic daily record of the temperature of every person entering and exiting the premises.
Bharat Forge reported a net profit of Rs 349.25 crore in FY20, against Rs 1,032.6 crore in the previous year.
KRAS is a 49:51 ratio joint venture between RAFAEL Advanced Systems and Kalyani Strategic Systems (KSSL), with the Indian partner holding 51 per cent.
The company, had posted a net profit of Rs 122.06 crore during the same period of the previous fiscal.
Maruti Suzuki was the first auto company that reduced the prices of select models after GST became reality.
The promoter companies injected some loans that were later converted into equity. Starting from 2015, Amtek Auto has taken loans of Rs 118.75 crore from Aisa and Rs 73.75 crore from Amtek Laboratories.
“Bharat Forge and Sona are looking to acquire parts of the auto forging assets, while financial investors are looking to acquire the entire basket,” said a source.
The company had posted a net profit of Rs 165.57 crore during the same period of previous fiscal, Bharat Forge said in a regulatory filing. Total income from operations stood at Rs 1,205.37 crore as against Rs 1,089.07 crore in the year-ago period, up 10.67 per cent.
In its recent report, World Bank emphasised on the need for the auto component suppliers to reduce dependence on one customer and develop multiple revenue sources, especially by way of increasing focus on the overseas business.
This proposed acquisition is focused establishing manufacturing footprint in North America and on increasing our product offering into the Passenger Car and Commercial Vehicle segments.
The company has shown remarkable recovery in the past four years by increasing exposure to non-auto businesses. It particularly benefited from supplying equipment for shale oil drilling.
Walker Forge Tennessee, LLC (WFT) is a leading supplier of complex, steel and highalloy steel, engine & chassis components to a diverse group of customers across Automotive & Industrial sectors.
Domestic automobile production volumes in this quarter witnessed a strong growth of 8.7 percent as compared to the same period previous quarter, on back of buoyant demand for passenger and light commercial vehicles.
With the fresh capex, in other one-and-a-half years time the capacities will be enhanced and definitely our growth will be much better and we are targeting over two-digit growth that is over 10% in next five years.
The autoparts maker informed in a BSE filing, the transaction is internal to the Bharat Forge Group and will not have any impact on day-to-day operations of the company.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Vimal Bhandari | 00001318 | vimalbhandari@indostarcapital.com | Director | 08 Feb,2013 |
| Tridibesh Mukherjee | 00004777 | docm2009@googlemail.com | Director | 23 Jan,2010 |
| Pratap Govind Pawar | 00018985 | pgp@esakal.com | Director | 24 May,2005 |
| Shobhan Madhukant Thakore | 00031788 | Director | 27 Jun,1986 | |
| Gopal Krishan Agarwal | 00037678 | gkagarwal@bharatforge.com | Director | 01 Apr,2013 |
| Prakash Chandrashekhar Bhalerao | 00037754 | JPatwardhan@bharatforge.com | Director | 01 Apr,1998 |
| Lalita Dileep Gupte | 00043559 | lalitagupte@gmail.com | Director | 06 Aug,2008 |
| Babasaheb Neelkanth Kalyani | 00089380 | Secretarial@bharatforge.com | Managing director | 30 Mar,1993 |
| Amit Babasaheb Kalyani | 00089430 | secretarial@bharatforge.com | Director | 11 May,2009 |
| Subodh Eknath Tandale | 00266833 | standale@bharatforge.com | Whole-time director | 23 May,2006 |
| Basavraj Prabhakar Kalyani | 00267202 | prajakta.deshpande@kalyaniglobal.com | Whole-time director | 23 May,2006 |
| Hayagreeva Ravikumar Puranam | 00280010 | ravikumar.ph@gmail.com | Director | 20 May,2009 |
| Kishore Mukund Saletore | 01705850 | kishore.saletore@bharatforge.com | Whole-time director | 02 Feb,2015 |
| Naresh Narad | 02737423 | beejaldesai@bharatforge.com | Director | 24 Jul,2009 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.
Bharat Forge Limited's balance sheet, profit & loss figures and Financial Ratios
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