Bharat Forge has reported results for first quarter ended June 30, 2016.
The company has reported a fall of 37.71% in its net profit at Rs 122.06 crore for the quarter ended June 30, 2016 as compared to Rs 195.97 crore for the same quarter in the previous year. Total income of the company decreased by 19.19% to Rs 982.67 crore for the quarter under review, from Rs 1215.97 crore for the corresponding quarter of the previous year.
Bharat Forge is the flagship company of the $3.0 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Power, Construction & Mining, Aerospace and Rail & Marine.
