Bharat Forge jumps after robust Q3 results

Bharat Forge rose 3.22% to Rs 1,067.90 at 15:30 IST on BSE after net profit surged 108.93% to Rs 196.34 crore on 41.91% rise in total income to Rs 1216.88 crore in Q3 December 2014 over Q3 December 2013.

The result was announced during trading hours today, 2 February 2015.

Meanwhile, the BSE Sensex was down 60.68 points, or 0.21%, to 29,122.27.

On BSE, so far 2.05 lakh shares were traded in the counter, compared with an average volume of 1.03 lakh shares in the past one quarter.

The stock hit a high of Rs 1,071.95 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,034 so far during the day. The stock hit a 52-week low of Rs 329.20 on 31 January 2014.

The stock had outperformed the market over the past one month till 30 January 2015, rising 10.23% compared with 6.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.04% as against Sensex's 6.72% rise.

The large-cap company has an equity capital of Rs 46.56 crore. Face value per share is Rs 2.

Bharat Forge's EBITDA (earnings before interest, taxes, depreciation and amortization) rose 71% to Rs 366.80 crore in Q3 December 2014 over Q3 December 2013, benefitting from improved product mix and operating leverage.

EBITDA margin was reported at 30.6% in Q3 December 2014 compared with 25.8% in Q3 December 2013.

Bharat Forge is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, aerospace and rail marine.

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