BFL is a technology-driven global leader in metal forming having trans-continental presence across a dozen manufacturing locations, serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction & mining, etc.
Quarter results
In March 2019 quarter sales jumped 14% to Rs 1668.60 crore. OPM grew 250 basis points to 31.0%. Thus OP grew 24% to Rs 517.28 crore.
Other income grew 46% to Rs 50.12 crore and interest cost was up 4% to Rs 31.48 crore.
As depreciation grew 17% to Rs 82.15 crore, PBT jumped 29% to Rs 453.77 crore.
EO loss was NIL against Rs 133.21 croere. Thus PBT after EO grew 108% to Rs 453.77 core.
Tax provision went up 31% to Rs 154.26 crore after which net profit soared 199% to Rs 299.51 crore.
FY 2019 results
In FY 2019, sales grew 16% to Rs 6159. crore. OPM grew 200 basis points to 30.9%. Thus OP grew 24% to Rs 1906.10 crore.
Other income grew 40% to Rs 166.02 crore and interest grew 21% to Rs 102.41 crore. As depreciation grew 13% to Rs 346.63 crore, PBT went up 28% to Rs 1623.08 crore.
EO loss was NIL against Rs 133.21 crore. Thus PBT after EO jumped 44% to Rs 1623.08 core.
Tax provision was up 30% to Rs 551.80 crore after which net profit grew 51% to Rs 1071.28 crore.
FY 2019 Consolidated results
In FY 2019, consolidated sales grew 21% to Rs 10145.73 crore. OPM fell 30 basis points to 20.3%. Thus OP grew 19% to Rs 2055.57 crore.
Other income grew 43% to Rs 202.79 crore and interest grew 19% to Rs 127.22 crore. As depreciation grew 12% to Rs 520.79 crore, PBT went up 25% to Rs 1610.36 crore.
Loss on share on associate companies stood at Rs 11.38 crore against Rs 38 lakh. Thus PBT after loss on share on associate companies grew 24% to Rs 1598.98 crore.
EO loss was NIL against Rs 95.45 crore. Thus PBT after EO jumped 34% to Rs 1598.98 core.
Tax provision was up 28% to Rs 566.39 crore after which net profit grew 37% to Rs 1032.60 crore.
Valuation
The scrip trades at Rs 477.
Bharat Forge: Results
Bharat Forge: Consolidated results
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