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Bharat Forge Q3 net jumps 77.3% to Rs 2.28 bn; revenue at Rs 14 bn

The company had posted a net profit of Rs 1.28 billion for the same period in the previous fiscal

Press Trust of India  |  New Delhi 

Bharat Forge Q3 net profit jumps 77.39% to Rs 228.17 crore

on Thursday reported a 77.39 per cent jump in net profit at Rs 2. 28 billion for the quarter ended on December 31. The company had posted a net profit of Rs 1.28 billion for the same period in the previous fiscal. Its from operations stood at Rs 13.90 billion.

It was at Rs 9.9 billion in the same period of previous fiscal, said in a regulatory filing. from operations is not comparable due to the introduction of from July 1, 2017 which replaced excise duty and other input taxes, the company said. Shares of the company were trading 3.38 per cent higher at Rs 730 on the BSE.

First Published: Thu, February 08 2018. 16:46 IST
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