Bharat Forge Profit Soars Amid Revenue Dip

Bharat Forge reported a 63% increase in consolidated net profit, reaching Rs 284 crore for the June quarter, despite a decline in total income. Compared to Rs 174 crore in the previous year, income dropped to Rs 3,958 crore from Rs 4,158 crore. Shares saw a 1.48% decline.

Bharat Forge, a leading auto components manufacturer, reported a significant 63% increase in consolidated net profit, rising to Rs 284 crore for the June quarter.

The company's earnings, up from Rs 174 crore in the same period last fiscal year, contrast with a decline in total income, which fell to Rs 3,958 crore from Rs 4,158 crore year-over-year.

Investors reacted to these mixed signals, resulting in a 1.48% drop in Bharat Forge's share price, trading at Rs 1,144.20 on the BSE.

(With inputs from agencies.)