Bharat Forge Ltd Q2 FY2023-24 consolidated net profit at Rs. 227.22 crores

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

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 3826.672 crores during the period ended September 30, 2023 as compared to Rs. 3941.425 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 227.225 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 223.404 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 4.88 for the period ended September 30, 2023 as compared to Rs. 4.80 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 3826.672 crs	₹3941.425 crs	-2.91%
Net Profit	₹227.225 crs	₹223.404 crs	1.71%
EPS	₹4.88	₹4.80	1.67%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 3826.672 crores during the period ended September 30, 2023 as compared to Rs.3122.272 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.227.225 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.145.915 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.4.88 for the period ended September 30, 2023 as compared to Rs.3.13 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 3826.672 crs	₹3122.272 crs	22.56%
Net Profit	₹227.225 crs	₹145.915 crs	55.72%
EPS	₹4.88	₹3.13	55.91%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.7768.097 crores during the 6 Months period ended September 30, 2023 as compared to Rs.6006.315 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.450.629 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.310.366 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.9.68 for the 6 Months period ended September 30, 2023 as compared to Rs.6.66 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹7768.097 crs	₹6006.315 crs	29.33%
Net Profit	₹450.629 crs	₹310.366 crs	45.19%
EPS	₹9.68	₹6.66	45.35%

Shares of Bharat Forge Limited was last trading in BSE at Rs. 1030.60 as compared to the previous close of Rs. 1032.25. The total number of shares traded during the day was 15579 in over 1055 trades.

The stock hit an intraday high of Rs. 1043.35 and intraday low of 1027.55. The net turnover during the day was Rs. 16117987.00.

Source : Equity Bulls

Keywords

BharatForge Q2FY24 H1FY24 ResultUpdate