Bharat Forge Q1Net Profit Up 43% to .₹ 175 cr on Higher Income
Auto components maker Bharat Forge on Thursday reported a 43.4% increase in its standalone net profit at .₹ 175.1 crore for the June quarter on account of higher income. The company had posted a net profit of .₹ 122.1 crore during the same period of the previous fiscal, Bharat Forge said in a BSE filing. In a separate filing, the company said it has secured a .₹ 201.60 crore order from the defence ministry to supply 1,050 dual technology detection equipment. The order will be manufactured in India and is to be concluded in two years.