2025-04-12 01:49:10 pm | Source: Motilal Oswal Financial Services Ltd
Neutral Bharat Forge Ltd For Target Rs. 1,120 by Motilal Oswal Financial Services Ltd
* Standalone revenue is expected to decline 8% YoY due to weakness in the underlying CV industry across both domestic and export markets.
* Weak PV demand in the EU and the US persists due to the transition to EVs and economic uncertainty.
* Overall, we expect EBITDA margins to remain stable QoQ at 29%.
* Overall, we expect BHFC standalone PAT to decline 11% YoY in 4Q.
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