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

Auto components major Bharat Forge 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 revenue from operations stood at Rs 13.90 billion. It was at Rs 9.9 billion in the same period of previous fiscal, Bharat Forge said in a regulatory filing.

Revenue from operations is not comparable due to the introduction of GST 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.