Bharat Forge reports 3-fold jump in Q4 net profit

20 May 2019

Bharat Forge has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported around 3-fold jump in its net profit at Rs 299.50 crore for the quarter ended March 31, 2019 as compared to Rs 100.33 crore for the same quarter in the previous year. Total income of the company increased by 14.52% at Rs 1,718.72 crore for quarter under review as compared to Rs 1,500.83 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a rise of 51.46% in its net profit at Rs 1,071.28 crore as compared to Rs 707.30 crore for the previous year. Total income of company increased 21.75% at Rs 6,686.01 crore for year under review as compared to Rs 5,491.64 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 36.96% in its net profit at Rs 1,032.60 crore as compared to Rs 753.97 crore for the previous year. Total income of company increased by 20.94% at Rs 10,348.53 crore for year under review as compared to Rs 8,556.68 crore for year ended March 31, 2018.

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