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"Despite challenging demand environment in the commodity and allied sectors, BFL registered strong performance. Topline growth coupled with strong focus on execution, operational efficiency and better cost control translated into EBITDA margin expansion of 240 bps. The extensive effort on creating internal capabilities to deliver technology differentiation to our customer has helped us increase market share, enhance value addition and with new business sectors and geographies," said B N Kalyani, chairman and managing director, Bharat.
The company has won new export orders in passenger and commercial vehicle segments and on industrial business it has bagged orders from railways and aerospace sectors.
Kalyani is hopeful for better performance in the next quarter. "Looking ahead in Q2, we anticipate demand to be higher compared to Q2FY15 with positive automotive demand while the challenging demand environment in industrial sector will continue for some time. as global economies adjust to the lower commodity price, Kalyani added.
