Bharat Forge Net Profit Drops 9% To ₹202.8 Cr, Shares Up 4%
Thu, Aug 8, 2024 1:53 PM

Bharat Forge Net Profit Drops 9% To ₹202.8 Cr, Shares Up 4%

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Bharat Forge's Q1 results: Consolidated net profit dropped 9% to ₹202.8 crore due to a one-time exceptional loss, while revenue from operations rose 6% to ₹4106.1 crore and EBITDA increased 22.88% to ₹759.2 crore. Forgings revenue fell 3.25%, but defence revenue more than doubled to ₹641.7 crore. Bharat Forge's shares surged 4.41% to ₹1,626.10 after the results.

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