Q1 2020 Bharat Forge Ltd Earnings Call Transcript

Aug 13, 2019 / 10:30AM GMT
Operator

Good day, ladies and gentlemen, and welcome to Bharat Forge Q1 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I will now hand the conference over to Mr. Amit Kalyani. Thank you, and over to you, sir.

Amit B. Kalyani - Bharat Forge Limited - Deputy MD & Executive Director

Thank you, Chris. Good afternoon, ladies and gentlemen, and thank you for joining us for our Q1 analyst call. This is Amit Kalyani. I have with me our -- members of our finance team, our strategic business unit head and our IR teams.

Ladies and gentlemen, first of all, in terms of the numbers, we had total revenue for the quarter of INR 1,346 crores, which was a decline of 9% sequentially -- 9% year-on-year. However, there is an impact of about 2% in the inflationary steel price impact in this quarter. So on a like-to-like basis, it's actually about 11% down. EBITDA is down by about 18%. And PBT by about 25.5%, and PAT by about 26%. It's been a challenging quarter with demand dropping rather rapidly as the quarter

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