- Bharat Forge‘s net income for the third quarter was 3.46 billion rupees, which is 8.5% lower than the previous year and below the estimated 3.64 billion rupees.
- Revenue for the quarter stood at 21 billion rupees, marking a decrease of 7.1% year-over-year, and falling short of the estimated 24.46 billion rupees.
- Total costs were 16.5 billion rupees, a reduction of 7.8% from the previous year.
- Raw material costs came to 8.3 billion rupees, down 13% year-over-year, and below the forecasted 9.71 billion rupees.
- Employee benefits expenses increased by 4.6% to 1.58 billion rupees.
- Finance costs decreased significantly by 29% to 573.1 million rupees, staying below the anticipated 611.3 million rupees.
- Other income was 313.9 million rupees, a drop of 9.1% compared to the previous year.
- The dividend per share was announced at 2.50 rupees.
- Analyst ratings for Bharat Forge comprised 12 buy recommendations, 3 holds, and 10 sells.
A look at Bharat Forge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma Smart Scores have indicated a mixed long-term outlook for Bharat Forge, a company specializing in manufacturing steel forgings and machined components for various industries. The company scores well in terms of Dividend and Growth, both receiving a score of 4 out of 5, indicating a strong performance in these aspects. These scores suggest that Bharat Forge may be a reliable choice for investors looking for dividends and potential growth opportunities in the long run.
However, the company receives lower scores in Value, Resilience, and Momentum, with each scoring a 2 out of 5. This indicates that Bharat Forge may have some areas of improvement in terms of its valuation, ability to withstand market uncertainties, and overall momentum in the market. Investors may need to consider these factors along with the positive aspects when making investment decisions related to Bharat Forge.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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