Bharat Forge October-December net falls 27.5% on year, sales down 4%

Bharat Forge Ltd's net profit for the December quarter fell 27.5% on year to 927.1 mln rupees. Revenue from operations fell 3.8% to 10.36 bln rupees. Sequentially, the net profit rose 32% and revenue was up 17.5%. The net profit and net sales missed analysts' estimate of 1.05 bln rupees and 12.25 bln rupees, respectively.