In March 2023, the Ministry of Defence, Government of India, had accorded the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing Vehicles (GTVs) for the Indian Army. After completion of due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge and the Indian Ministry of Defence is currently underway. The contract negotiation procedure is expected to conclude before the end of the current financial year 2024-25.Powered by Capital Market - Live

Net profit of Bharat Forge rose 7.20% to Rs 243.59 crore in the quarter ended September 2024 as against Rs 227.23 crore during the previous quarter ended September 2023. Sales declined 2.27% to Rs 3688.51 crore in the quarter ended September 2024 as against Rs 3774.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3688.513774.19 -2 OPM %17.5316.47 - PBDT598.52550.09 9 PBT385.18338.76 14 NP243.59227.23 7 Powered by Capital Market - Live

The Board of Bharat Forge at its meeting held on 14 November 2024 has approved the following change in senior management: (a) Krishnan Iyer - President and Chief Operational Officer (COO) of Closed Die Forging Division (CDFD) is designated as SMP w.e.f 14 November 2024. (b) Srinivasu Malladi - Vice President Human Resources (HR) is designated as SMP w.e.f. 14 November 2024. (c) Resignation of Atul Jagtap as Vice President - Materials with effect from 24 November 2024Powered by Capital Market - Live

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 1319.2, down 3.04% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Bharat Forge Ltd has eased around 11.47% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 3.8 lakh shares today, compared to the daily average of 8.7 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1324.9, down 2.4% on the day. Bharat Forge Ltd jumped 24.24% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.The PE of the stock is 42.26 based on TTM earnings ending June 24.Powered by Capital Market - Live

Bharat Forge will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Bharat Forge has entered into a definitive agreement to acquire AAM India Manufacturing Corporation (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL), at an enterprise value of Rs. 544.53 crore, subject to closing adjustments. Established in 2008, AAMIMCPL is a leading manufacturer of axles for light, medium and heavy-duty commercial trucks and passenger buses in India. With this transaction, the company will acquire commercial vehicles axle business of AAMIMCPL in Pune (India) and Chennai (India) along with the Pune Engineering and Development Center. The transaction is subject to approval from the Competition Commission of India (CCI) and will close only after receiving the CCI's approval and upon fulfilment of other customary closing conditions. Powered by Capital Market - Live

Bharat Forge Ltd is down for a fifth straight session today. The stock is quoting at Rs 1464.35, down 1.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 24982.55. The Sensex is at 81590.97, down 0.28%.Bharat Forge Ltd has lost around 8.25% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 0.25% in last one month and is currently quoting at 26242.6, down 1.56% on the day. The volume in the stock stood at 4.47 lakh shares today, compared to the daily average of 10.84 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 1469.45, down 1.22% on the day. Bharat Forge Ltd jumped 30.61% in last one year as compared to a 26.1% rally in NIFTY and a 56.35% spurt in the Nifty Auto index.The PE of the stock is 45.99 based on TTM earnings ending June 24.Powered by Capital Market - Live

Bharat Forge has issued corporate guarantee of USD 31.50 million on 25 September 2024 to secure credit facility availed by Bharat Forge Aluminum USA, Inc., a step-down wholly-owned subsidiary of the Company. Powered by Capital Market - Live

Bharat Forge announced that Prataprao G Pawar (DIN: 00018985), Lalita D. Gupte (DIN: 00043559), P.H Ravikumar (DIN: 00280010) and Vimal Bhandari (DIN: 00001318) ceased to be the Independent Directors of the Company upon completion of their second term of 5 (five) consecutive years with effect from the closure of business hours on 03 September 2024. Powered by Capital Market - Live

The Board of Bharat Forge at its meeting held on 08 August 2024 has approved transfer of its stake in joint venture Refu Drive GmbH, to Kalyani Powertrain, a wholly owned subsidiary of the company for consideration of '11.509 million which is the fair value as determined by independent valuer. Powered by Capital Market - Live