Feb 10, 2022 / 10:30AM GMT
Operator
Ladies and gentlemen, good day, and welcome to Q3 FY '22 Earnings Conference Call of Bharat Forge. (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
Thank you, and good afternoon, ladies, and gentlemen, and welcome to our quarter 3 analyst conference call. I'd like to welcome all of you and thank you for taking your time. As usual, I have with me our team from sales and business development, finance, Investor Relations.
So give you a brief update and then open up for Q&A. So in quarter 3, the performance was as expected. In the last quarter, we had mentioned that we expect quarter 3 to be slower than quarter 2. And therefore, total sales were flat compared to previous quarter. Exports were about 10% lower, while domestic grew by about 16%. The drop in export revenue was primarily due to the production cuts because of semiconductor-related shortages
Q3 2022 Bharat Forge Ltd Earnings Call Transcript
Mar 19, 2024
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