Bharat Forge's Q1 net profit rises 43% to Rs 175.08 crore

Bharat Forge Ltd. | Forgings | Automobiles | BSE: 500493 | NSE: BHARATFORG

10 Aug 2017 Evaluate

Bharat Forge has reported results for first quarter ended June 30, 2017.

The company has reported rise of 43.44% in its net profit at Rs 175.08 crore for the quarter under review as compared to Rs 122.06 crore for the same quarter in the previous year. Total income of the company increased by 30.63% at Rs 1283.70 crore for Q1FY18 as compared Rs 982.67 crore for the corresponding quarter 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	1874.00
Ramkrishna Forgings	687.95
MM Forgings	597.00
Happy Forgings	2078.50
Balu Forge Inds.	498.45
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