Bharat Forge has reported results for the first quarter ended June 30, 2020.
The company has reported a net loss of Rs 56.31 crore for the quarter under review against net profit of Rs 174.13 crore for the same quarter in the previous year. Total income of the company decreased by 66.18% at Rs 468.93 crore for Q1FY21 as compared Rs 1386.67 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net loss of Rs 127.32 crore for the quarter under review against net profit of Rs 171.92 crore for the same quarter in the previous year. Total income of the company decreased by 49.46% at Rs 1,199.25 crore for Q1FY21 as compared Rs 2372.79 crore for the corresponding quarter previous year.
