Bharat forge posts 43.4% PAT growth with 31.4% revenue growth on YoY basis
DSIJ Intelligence / 10 Aug 2017
Bharat Forge ltd Ltd. reported its results for the quarter ended June 30, 2017 market hours today. Total sales for this quarter, Q1FY18, came in at Rs. 1257.77 crore. This represents a 6.3 per cent sequential increase and 31.42 per cent YoY increase.
Bharat Forge Ltd. reported its results for the quarter ended June 30, 2017 market hours today.
Total sales for this quarter, Q1FY18, came in at Rs. 1257.77 crore. This represents a 6.3 per cent sequential increase and 31.42 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 333.31 crore and the EBIT margin stood at 26.5 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 175.08 crore which represents a sequential QoQ decline of 15.62 per cent and a YoY increase of 43.44 per cent.
Further it has mentioned in its filing that it has bagged a maiden order from Ministry of Defence for 1050 Dual technology Detection Equipment worth Rs.201.6 crore.
It has declared bonus issue of shares by capitalisation of reserves in 1:1 ratio.
The company's stock which opened for trading at Rs. 1175 on the BSE, has risen by 0.97 per cent after the results were declared and is currently trading around the Rs.1179.2mark.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.