Bharat Forge back in black with Rs 62cr profit

Pune-based Bharat Forge, India's largest forging company today posted a consolidated net profit of Rs 62 crore for the quarter ended June 30, 2010 as against a loss of Rs 46 crore posted for the quarter a year earlier.

Total consolidated income for the same period has increased to Rs 1,012 crore, an increase of 66 per cent as compared to Rs 608.99 crore posted in the corresponding quarter a year earlier.

The company's stock on the Bombay Stock Exchange was trading flat at Rs 331.40 at the time of filing the report.