Bharat Forge Q3 2018 Profit Up 77.4% At Rs 228 Crore

By Archana
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Bharat Forge reported earnings growth for the end of third quarter 2018. The growth was driven by an increase in exports and increase in sales from commercial vehicles business.

    Bharat Forge Q3 2018 Profit Up 77.4% At Rs 228 Crore

    The company reported a consolidated growth in profit of 77.4 percent at Rs 228 crore, year-on-year basis. Revenue from operations was reported at Rs 1,391 crore, up by 47.4 percent from previously reported Rs 944 crore during the third quarter of 2017.

    EBITDA reported growth of 59.8 percent, year-on-year basis at Rs 416.3 crore. Better product mix and improved productivity achieved the operational growth.

    The growth in profitability has increased to Rs 115.1 crore from Rs 60.5 crore, year-on-year basis.

    Story first published: Thursday, February 8, 2018, 13:30 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more