Bharat Forge net profit surges over 220% YoY in Q3
Mon, Feb 12, 2024 2:47 PM

Bharat Forge net profit surges over 220% YoY in Q3

A Flip by Avya Verma
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Bharat Forge Ltd, a Pune based forging firm, saw a surge of 220% in consolidated net profit in the December quarter of 2023 due to higher revenues. The defence business boosted revenues, while the Oil & Gas and Agri sectors declined. The company declared an interim dividend of Rs 2.5 per share and approved raising funds of Rs 500 crore. Exports from Indian operations grew by 36%.

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