Bharat Forge dips 8% on 27% YoY decline in PBT, weaker H2FY20 expectation

Calling the quarter gone by as "the toughest in this decade", the management said weak end-demand across sectors due to the sluggish macroeconomic environment led to the continuous decline in demand

Shares of Bharat Forge slipped 8 per cent to Rs 433 on the BSE on Friday after the company's consolidated profit before tax (PBT) declined 27 per cent year on year (YoY) to Rs 251 crore in the September quarter (Q2FY20) due to de-growth in revenue.

While total consolidated revenue was down 16.9 per cent YoY to Rs 2,158 crore, EBITDA (earnings before interest, tax, depreciation and amortisation) margin contracted 690bps at 14.7 per cent from 21.6 per cent in the year ago quarter.

Calling the quarter gone by as "the toughest in this decade", the management said weak end-demand