Bharat Forge reported stellar
results for the quarter ended Sept 30, 2017 on Wednesday. Total sales for
Q2FY18, arrived at Rs. 1,258 cr, representing a 0.02% sequential increase and
34.42% Year on Year increase. Operating profit for the recently concluded
quarter figured to Rs. 291.3 cr and the Earnings before Interest & Taxes margin
stood at 23.2%. The company reported Profit after tax of Rs. 203.7 cr, which
represents a sequential QoQ increase of 16.4% and a YoY increase of 60.6%. The
stock today opened at Rs. 720 and hit a 52-week high of Rs. 733.65 on the BSE. Bharat
Forge has also declared an interim dividend of Rs. 2 per equity share of face
value of Rs.2.00
Bharat Forge Limited is a Pune-based
Indian multinational company involved in automotive, oil and gas, power,
locomotive, construction, mining, marine and aerospace industries.
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