Monday , October 21 2019
Home / BUSINESS / EQUITIES / Bharat Forge reports 28% fall in Q1 consolidated net profit

Bharat Forge reports 28% fall in Q1 consolidated net profit

Bharat Forge has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 25.73% in its net profit at Rs 174.13 crore for the quarter under review as compared to Rs 234.46 crore for the same quarter in the previous year. Total income of the company decreased by 8.40% at Rs 1,386.67 crore for Q1FY20 as compared Rs 1513.91 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 27.99% in its net profit at Rs 171.92 crore for the quarter under review as compared to Rs 238.75 crore for the same quarter in the previous year. Total income of the company decreased marginally by 3.31% at Rs 2,372.79 crore for Q1FY20 as compared Rs 2,454.08 crore for the corresponding quarter previous year.