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Bharat Forge reports 35% rise in Q1 net profit

03 Aug 2015 Evaluate

Bharat Forge has reported results for the first quarter ended June 30, 2015.

The company has reported 34.73% rise in its net profit at Rs 195.32 crore for the quarter ended June 30, 2015 as compared to Rs 144.97 crore for the same quarter in the previous year. The company’s total income has increased by 14.36% to Rs 1157.70 crore for the quarter under review from Rs 1012.32 crore for the corresponding quarter of the previous year.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1905.50
Ramkrishna Forgings 691.80
MM Forgings 612.25
Happy Forgings 2111.60
Balu Forge Inds. 506.60
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