Bharat Forge witnessed broad-based growth across all business segments and geographies during the second quarter (Q2) of the financial year 2019. This is the eighth sequential quarter of growth in revenue and profitability.

Total revenue at Rs 16,792 million grew by 33.5 per cent compared to Q2 FY18. Despite continued inflationary pressures on raw material and manufacturing cost, EBITDA margins at 28.3 per cent, were within the guided range," said BN Kalyani, Chairman and Managing Director, Bharat Forge. "Looking ahead, the sustained high demand from our customers across CV, PV, traditional industrial and defense and aerospace, makes us confident of the strong growth prospects for the 2nd half of FY19," he added. EBITDA at Rs 4,753 million grew by 24.6 per cent as compared to Q2 FY18.