Today, Bharat Forge operates in three continents: Europe, North America and Asia. Over the last four years, the Company has successfully made several acquisitions: Carl Dan Peddinghaus and CDP Aluminiumtechnik (in Germany), Imatra Kilsta AB (in Sweden) together with its 100% subsidiary Scottish Stampings Limited (together known as the Bharat Forge Kilsta Group), and Federal Forge in the USA. BFL also has a majority stake in a joint venture with First Auto Works (FAW) called FAW Bharat Forge (Changchun) Company Limited that operates in China.

These businesses, along with Bharat Forge’s Indian operations form the global BFL group — whose performance gets reflected in the consolidated accounts of Bharat Forge Limited. Highlights of Bharat Forge’s financial performance for 2008-09 are:

On a Consolidated Basis, the financial highlights of BFL for FY 2008-09 are:

• Total Income of Rs.48, 427 million in 2008-09 — up by 2% over the previous year.
• Operating profits (EBITDA) was Rs.5,214 million in 2007-08 — a decrease of 35%.

Given below are a few indices on a standalone basis.

• Domestic Sales decreased by 14 % to 10,561 million in 2008-09.
• Exports grew by 4% to 10,014 million in 2008-09.
• EBITDA decreased by 33% to 4,075 million in 2008-09.
• Profit before Tax decreased by 60% to Rs. 1,577 million in 2008-09.
• Profit After Tax decreased by 62% to Rs 1,033 million in 2008-09.
• Earnings per Share of Rs 4.51 in 2008-09.