Full Year 2021 Bharat Forge Ltd Earnings Call Transcript

Jun 04, 2021 / 08:30AM GMT
Operator

Ladies and gentlemen, good day, and welcome to Bharat Forge Limited Q4 FY '21 Earnings Conference Call. (Operator Instructions). Please note that this conference is being recorded.

I now hand the conference over to Mr. Amit Kalyani. Thank you, and over to you, sir.

Amit Babasaheb Kalyani - Bharat Forge Limited - Deputy MD & Executive Director

Good afternoon, everyone, and thank you for joining our end-of-year results call. I hope everyone is doing well, and I'm sure this has been a difficult time for everyone. I'm confident we'll get through it.

So coming to the business on hand, as usual, I have members of our Finance and Investor Relations team with me. So we've had a fairly decent end to the year, which was a very trying and difficult year for all of us. All segments of export, including oil and gas, started seeing very good growth. Q4 witnessed a 42% growth in exports driven by a 90% growth in the Industrials business. Passenger car exports hit an all-time high of INR 164 crores.

Cost pressures are quite high on raw materials

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