The company reported a consolidated revenue of ₹3,689 Crore and an EBITDA of ₹690 Crore, said the company in an earnings release.
It added that despite a 2.3% YoY sales decline due to difficulties in European automotive markets, EBITDA increased by 10.8%, leading to a 220 basis point YoY margin improvement from 16.5% to 18.7%.
In the quarter, the group received new orders totalling ₹1,207 Crore across Defence, Castings (Ferrous & Aluminium), and the core Forging business. In H1 FY25, order wins totalled ₹2,216 Crore, with 2/3 coming from defence and 1/3 from the components division.
The BFL group’s defence business reported revenue of ₹509 Crore in the second quarter, a 67% increase year over year. In Q2, order wins totalled ₹642 Crore, bringing the executable order book to ₹5,905 Crore as of September 30th. The order book excludes any possible orders from the domestic or export markets.
JS Auto reported a 32% increase in revenue to ₹165 Crore and a 60% increase in EBITDA to ₹20 Crore over Q2 FY24. In H1 FY25, JSA received orders of ₹173 Crore, demonstrating the benefits of shifting manufacture to India. We anticipate that this business will continue to do well in the foreseeable future.
The overseas operations generated sales of ₹1,145 Crore and EBITDA of ₹16 Crore. The dismal economic state in Europe and its impact on the car industry are slowing the revival of overseas business.
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