Bharat Forge's consolidated Q1FY24 PAT higher at Rs. 223.40 crores

Bharat Forge Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 3941.425 crores during the period ended June 30, 2023 as compared to Rs. 3686.851 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 223.404 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 135.498 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.80 for the period ended June 30, 2023 as compared to Rs. 2.91 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 3941.425 crs	₹3686.851 crs	6.90%
Net Profit	₹223.404 crs	₹135.498 crs	64.88%
EPS	₹4.80	₹2.91	64.95%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 3941.425 crores during the period ended June 30, 2023 as compared to Rs.2884.043 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.223.404 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.164.451 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.80 for the period ended June 30, 2023 as compared to Rs.3.53 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 3941.425 crs	₹2884.043 crs	36.66%
Net Profit	₹223.404 crs	₹164.451 crs	35.85%
EPS	₹4.80	₹3.53	35.98%

Shares of Bharat Forge Limited was last trading in BSE at Rs. 967.10 as compared to the previous close of Rs. 904.95. The total number of shares traded during the day was 166381 in over 9665 trades.

The stock hit an intraday high of Rs. 975.00 and intraday low of 887.55. The net turnover during the day was Rs. 156739691.00.

Source : Equity Bulls

Keywords

BharatForge Q1FY24 ResultUpdate