Bharat Forge shares dip 3% as growth expectations moderated

Bharat Forge shares continued their downward trend, trading 4 percent lower on February 13. The decline followed management’s announcement of expected growth moderation in the upcoming quarter and fiscal year 2024-25.

Amit Kalyani, Joint Managing Director of Bharat Forge, stated, “Looking ahead in Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export markets across industries. We will endeavor to outperform the market driven by our diversified business mix.”

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These remarks came after the Pune-based forging firm reported a significant over 220 percent year-on-year surge in consolidated net profit for the December quarter, attributed to higher revenue.

As of 1:10 pm, the shares were trading 2.38 percent lower at ₹1,104.00.