Bharat Forge has announced the results for the quarter and year ended March 31, 2011.
The company has reported a surge of 63.88% in its net profit to Rs 100.39 crore for the fourth quarter as compared to Rs 61.26 crore for the same quarter last year. Total income has increased by 45.63% to Rs 836.54 crore for the quarter to from Rs 574.41 crore in the same quarter previous year.
The company has posted a net profit of Rs 310.57 crore for FY11, zoomed by 144.47% as compared to Rs 127.04 crore in the last year. Total income has increased by 58.49% to Rs 2993.55 crore for the year from Rs 1888.74 crore in last year.
On consolidated basis, the Group has posted a income attributable to the consolidated group of Rs 289.91 crore for the year under review as compared to loss attributable to the consolidated group of Rs 63.40 crore for FY10. Total income has increased by 52.56% to Rs 5154.45 crore for FY11 from Rs 3378.72 crore for FY10.
Bharat Forge has recommended a dividend of Rs 3.50 per equity share or 175%, subject to approval of shareholders.