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    Bharat Forge gears up for a better FY22 on rising exports

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    Export contributed nearly 55% to the total revenue.

    Synopsis

    Analysts have upgraded the FY22 earnings forecast for the company by 15-20% following a strong and sustainable growth in exports and improving prospects of the non-automotive segment.

    ET INTELLIGENCE GROUP: The stock of Bharat Forge has gained nearly 8% in the two trading sessions since its quarterly result on Friday morning. Analysts have upgraded the FY22 earnings forecast for the company by 15-20% following a strong and sustainable growth in exports and improving prospects of the non-automotive segment.

    The company’s export revenue rose by 49.3% to Rs 731 crore in the March quarter led by 65% growth in the supply to

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    ET Bureau

    4 mins read, Last Updated:

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