Bharat Forge reported a standalone net profit of Rs 361 crore for Q2, a 4.4% increase year-on-year, despite nearly flat revenue of Rs 2,246.6 crore, impacted by weak European automotive markets. Export revenue fell 9% due to sluggish CV demand in Europe, although outside Europe, CV exports grew 14%. The domestic CV sector remains soft, but the company's outlook is positive, citing government capex initiatives and increased construction and manufacturing activities in India.
