Bharat Forge hits 52 week high : PAT up 16 per cent QoQ
Nidhi Jani / 08 Nov 2017
It reported PAT of Rs. 203.7 crore, which represents a sequential QoQ increase of 16.4 per cent and a YoY increase of 60.6 per cent.
Bharat Forge reported good results for the quarter ended September 30, 2017 on Wednesday. Total sales for Q2FY18, came in at Rs. 1,258 crore. This represents a 0.02 per cent sequential increase and 34.42 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 291.3 crore and the EBIT margin stood at 23.2 per cent.
It reported PAT of Rs. 203.7 crore, which represents a sequential QoQ increase of 16.4 per cent and a YoY increase of 60.6 per cent.
The board has also declared an interim dividend of Rs. 2 per equity share of face value of Rs. 2.
On Wednesday, the stock opened at Rs. 720 and hit a 52-week high of Rs. 733.65 on the BSE.
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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