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Bharat Forge's March results hit as key segments face multiple headwinds

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The company indicated a Rs 200 crore impact on the top line and Rs 90 crore on profitability in the quarter due to the pandemic.

Ram Prasad Sahu New Delhi
The Bharat Forge stock slipped over 10 per cent on weak March quarter (Q4) results and a muted outlook for its key business segments. Falling demand in end-user sectors and the impact during the second half of March because of Covid-19 led to a fall in revenues by 47 per cent, while operating profit fell by nearly 70 per cent year-on-year (YoY) in Q4. 

The company indicated a Rs 200-crore impact on the top line and Rs 90 crore on profitability in the quarter because of the pandemic. 

The company, which reported a profit before tax in the year-ago quarter