Q4FY17 Result : Bharat Forge
DSIJ Intelligence / 24 May 2017
The company reported PAT of Rs 155.5 crore, which represents a sequential QoQ increase of 20.9 per cent and a YoY decline of 6.08 per cent
Bharat Forge Ltd. reported its results for the quarter ended March 31, 2017, today.
The company's total sales for Q4FY17 came in at Rs 1125.48 crore, which represents a 18.89 per cent sequential increase and 11.29 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 245.36 crore and its EBIT margin stood at 21.8 per cent.
The company reported PAT of Rs 155.5 crore, which represents a sequential QoQ increase of 20.9 per cent and a YoY decline of 6.08 per cent
The company's stock opened at Rs 1054 on the BSE, rose 3.9 per cent after the results were declared and closed at Rs 1084.
Bharat Forge Limited is a company that manufactures various forged and machined components for the automotive and non-automotive sector. The company manufactures a wide range of safety and critical components for passenger cars, commercial vehicles and diesel engines. The company also manufactures specialized components for the aerospace, power, energy, oil & gas, rail & marine, mining & construction equipment, and other industries. It has its manufacturing facilities spread over 12 locations, out of which four are in India.
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