Bharat Forge Q1 Profit Jumps 63% to Rs 284 Cr
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Bharat Forge reports a 63% increase in Q1 net profit, reaching Rs 284 crore. Total income declines to Rs 3,958 crore. Stock update included.
Photograph: Kind courtesy Bharat Forge/Twitter
New Delhi, Aug 6 (PTI) Auto components maker Bharat Forge on Wednesday posted 63 per cent increase in consolidated net profit to Rs 284 crore for the June quarter.
The company posted a net profit of Rs 174 crore in the April-June quarter of last fiscal.
Total income, however, declined to Rs 3,958 crore in the first quarter as against Rs 4,158 crore in the year-ago period, Bharat Forge said in a regulatory filing.
Shares of the company were trading 1.48 per cent down at Rs 1,144.20 apiece on BSE.
The company posted a net profit of Rs 174 crore in the April-June quarter of last fiscal.
Total income, however, declined to Rs 3,958 crore in the first quarter as against Rs 4,158 crore in the year-ago period, Bharat Forge said in a regulatory filing.
Shares of the company were trading 1.48 per cent down at Rs 1,144.20 apiece on BSE.
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