Bharat Forge Ltd showcased a robust performance in the September quarter, reporting a substantial 52 percent increase in net profit, propelled by higher volumes in both its core business and the defense sector.
The consolidated net profit for the quarter reached Rs 2,148.65 crore, marking a significant jump from Rs 1,415.56 crore recorded a year ago.
The company’s revenue also experienced a remarkable surge, rising by 22.7 percent to Rs 3,774.19 crore compared to Rs 3,076.39 crore in the previous year.
Bharat Forge Ltd attributed its success to the outstanding performance of the Passenger Vehicles sector, which witnessed market share gains, increased value addition, and growing orders from new markets and customers.
This sector now contributes nearly 25 percent of the company’s exports and serves as a vital growth driver for the group, as stated in the company’s release.
Additionally, the defense business continued its exceptional performance by securing new orders worth Rs 1,100 Crores, further enhancing the executable order book to Rs 3,000 Crores for the next 24 months.
The positive financial results were reflected in the stock market, where shares of Bharat Forge Ltd were trading 3.59 percent higher at ₹1,067.90, showcasing investor confidence in the company’s growth trajectory.
