Bharat Forge Q3 profit rises by 36%

NEW DELHI: Auto component major Bharat Forge reported 35.79 per cent increase in standalone net profit at Rs 309.83 crore for the third quarter ended December 31, 2018. The company had reported a profit of Rs 228.17 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing. Total income during the quarter under review stood at Rs 1,740.37 crore as against Rs 1,412.47 crore in the year-ago period, it added. Bharat Forge Chairman and Managing Director B N Kalyani said the growth in revenue and profit in the third quarter was on the back of "strong performance across key verticals and all geographies."