Bharat Forge Q3 Results: Net Profit Falls 16% to Rs 212 Crore
Bharat Forge Ltd, a prominent auto components manufacturer, has reported a 16.38 percent decline in consolidated net profit to Rs 212.78 crore in the third quarter ended December 31, 2024. This decrease was primarily attributed to lower revenue during the period.
Key Financial Results for Q3
- Net Profit: Decreased by 16.38% to Rs 212.78 crore compared to Rs 254.45 crore in the same quarter last fiscal.
- Revenue from Operations: Stood at Rs 3,475.55 crore, down from Rs 3,866.4 crore in the corresponding period last fiscal.
Expense Management
Despite the decline in profit and revenue, Bharat Forge managed to lower its total expenses:
- Total Expenses: Lower at Rs 3,165.37 crore compared to Rs 3,529 crore in the year-ago period.
Interim Dividend
In positive news for shareholders, Bharat Forge's board has declared an interim dividend:
- Interim Dividend: Rs 2.5 per equity share of face value of Rs 2 each, at the rate of 125 percent.
In summary, Bharat Forge's Q3 results reflect the challenges faced in the auto components sector, with lower revenue impacting the bottom line. However, effective expense management and the declaration of an interim dividend provide some relief for investors.
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