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Bharat Gears reports 68% rise in Q3 net profit

22 Jan 2019 Evaluate

Bharat Gears has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 68.33% in its net profit at Rs 4.73 crore for the quarter under review as compared to Rs 2.81 crore for the same quarter in the previous year. Total income of the company increased by 19.68% at Rs 155.20 crore for Q3FY19 as compared Rs 129.68 crore for the corresponding quarter previous year.

Bharat Gears is India's largest gear manufacturer. The company manufactures a wide range of hypoid/spiral gears, differential gears and shafts, complete automotive transmissions, gearbox sub-assemblies and differential assemblies.

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