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Bharat Forge reports 78% rise in Q4 consolidated net profit
May-08-2024

Bharat Forge has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 59.35% rise in its net profit at Rs 389.65 crore for the quarter under review as compared to Rs 244.52 crore for the same quarter in the previous year. Total income of the company increased by 16.23% at Rs 2,366.77 crore for Q4FY24 as compared Rs 2,036.36 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 77.80% rise in its net profit at Rs 227.12 crore for fourth quarter ended March 31, 2024 as compared to Rs 127.74 crore for the same quarter in the previous year. Total income of the company increased by 14.43% at Rs 4,219.04 crore for Q4FY24 as compared Rs 3,686.85 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 36.30% rise in net profit at Rs 1,424.96 crore as compared to Rs 1,045.47 crore for the previous year. Total income of the company increased by 18.23% at Rs 9,130.97 crore for year under review as compared to Rs 7,723.21 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 79.03% rise in its net profit at Rs 910.16 crore as compared to Rs 508.39 crore for the previous year. Total income of the company increased by 21.60% at Rs 15,909.50 crore for year under review as compared to Rs 13,083.12 crore for year ended March 31, 2023.


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