10 August 2011

1QFY2012 Result Previews Bharat Forge :Angel Broking

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1QFY2012 Result Previews
Bharat Forge
Bharat Forge is slated to announce its 1QFY2012 results. On a consolidated front, we
expect the company to deliver 28% yoy growth in revenue to `1,300cr for the quarter. On
the operating front, the company is expected to post a 194bp yoy dip in its operating profit
margin to 16.3%. However, net profit is expected to increase by 21% yoy to `75cr. The
stock rating is under review.

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