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Bharat Forge reports 61% jump in Q2 net profit

08 Nov 2017 Evaluate

Bharat Forge has reported results for second quarter ended September 30, 2017.

The company has reported 60.55% jump in its net profit at Rs 203.72 crore for the quarter ended September 30, 2017 as compared to Rs 126.89 crore for the same quarter in the previous year. The total income of the company increased by 33.91% at Rs 1294.63 crore for Q2FY18 as compared Rs 966.82 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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