Bharat Forge Q1 Results: Net up 64% Y-o-Y

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Bharat Forge Q1 Results: Net up 64% Y-o-Y
Bharat Forge: Quotes, News
BSE 887.85BSE Quote3.5 (0.39%)
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Bharat Forge, the pune based forgings maker, reported 64% rise in its net profit to Rs 97.42 crore in the quarter ended June 30.

The total net revenues of the company during the period grew by more than 36% as against a year ago period to Rs 829.34 crore.

"Non-automotive business has grown more than 50 percent compared to last year and it continues to witness tremendous traction with good order flow," Chairman and Managing Director Baba Kalyani said in the statement.

A 67% surge in Bharat Forge"s exports counterbalance a slower 18.6% revenue growth in the domestic market.

Profit before tax overseas was up 54% to Rs 11.1 crore.

Current EPS & P/E ratio stood at 13.52 and 21.16 respectively.

The company which is the fastest growing auto ancillary sector contributes some 2.3% to India's gross domestic product (GDP).

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