Bharat Forge has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted a fall of 19.03% in its net profit at Rs 164.52 crore for the quarter ended March 31, 2016 as compared to Rs 203.18 crore for the same quarter in the previous year. Total income of the company has decreased by 17.16% at Rs 1030.51 crore for quarter under review as compared to Rs 1243.92 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a fall of 2.49% in its net profit at Rs 701.06 crore as compared to Rs 718.98 crore for the same period in the previous year. Total income of company decreased 5.09% at Rs 4405.28 crore for year under review as compared to Rs 4641.37 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted fall of 14.76% in its net profit after taxes, minority interest and share of profit of associates at Rs 649.99 crore as compared to Rs 762.54 crore for the same period in the previous year. However, total income of company has increased by 0.27% at Rs 7780.08 crore for year under review as compared to Rs 7758.86 crore for the period ended March 31, 2015.
