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Published on 20/05/2019 2:00:14 PM | Source: Dion Global Solutions Ltd

Bharat Forge Q4 net profit zooms 198.52% at Rs 299.51 cr

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The company reported standalone net profit of Rs 299.51 crore for the quarter ended March 31, 2019 as compared to Rs 100.33 crore in the same period last year, registering a year-on-year growth of 198.52 per cent. Net revenue of the company rose moderately by 13.77 per cent at Rs 1,668.60 crore in January-March quarter of this fiscal as against Rs 1,466.61 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 9.76 per cent to Rs 1,151.32 crore from Rs 1,048.91 crore in year ago period.

Other Income grew by 46.46 per cent at Rs 50.12 crore versus (Mar'18 Rs 34.22 crore). Operating Profit surged by 23.84 per cent to Rs 517.28 crore as against Rs 417.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.85 per cent in March quarter. Interest grew by 3.79 per cent y-o-y to Rs 31.48 crore, while Taxation increased by 31.24 per cent at Rs 154.26 crore (Mar'18 Rs 117.54 crore).