Bharat Forge reports 21.48% drop in Q3 net profit
ETMarkets.com|
Updated: Feb 08, 2017, 01.10 PM IST
NEW DELHI: Bharat Forge on Wednesday reported a 21.48 per cent year-on-year drop in net profit for the quarter ended December 30.
For the quarter under review, the company reported a standalone net profit of Rs 128.62 crore compared with Rs 163.81 crore in the same quarter last year.
Total standalone revenue for the quarter came in at Rs 965.71 crore, down 11.06 per cent YoY from Rs 1,085.85 crore in the year-ago quarter.
Income from operations stood at Rs 990.01 crore, down 10.69 per cent compared with income of year-ago quarter of Rs 1,108.52 crore.
At the time of writing this report, the stock was trading at Rs 983.00 on NSE, up by 0.15 per cent.
For the quarter under review, the company reported a standalone net profit of Rs 128.62 crore compared with Rs 163.81 crore in the same quarter last year.
Total standalone revenue for the quarter came in at Rs 965.71 crore, down 11.06 per cent YoY from Rs 1,085.85 crore in the year-ago quarter.
Income from operations stood at Rs 990.01 crore, down 10.69 per cent compared with income of year-ago quarter of Rs 1,108.52 crore.
At the time of writing this report, the stock was trading at Rs 983.00 on NSE, up by 0.15 per cent.