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Bharat Forge Ltd News

Bharat Forge Q4 results: Profit rises 77%, reaches Rs 227.12 crore

Auto components major Bharat Forge Ltd on Wednesday reported a 77.8 per cent rise in consolidated net profit at Rs 227.12 crore in the fourth quarter ended March 31, 2024, riding on higher sales. The company had posted a profit of Rs 127.74 crore in the corresponding period of the previous fiscal, Bharat Forge said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 4,164.21 crore as against Rs 3,629.05 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 3,843.55 crore as compared to Rs 3,469.05 crore in the same period a year ago. The Board of Directors at its meeting held on May 8, 2024, recommended a final dividend of Rs 6.50 per equity share of the face value of Rs 2 for the financial year ended March 31, 2024, subject to approval of shareholders at the ensuing annual general meeting, Bharat Forge said. For the fiscal ended March 31, net profit was at Rs 910.16 crore as compared to

Bharat Forge Q4  results: Profit rises 77%, reaches Rs 227.12 crore
Updated On : 08 May 2024 | 2:26 PM IST

Bharat Forge zooms over 9% on Q4 results, promising FY25 outlook

The surge came after the company announced its March quarter results (Q4FY24), and gave a promising FY25 outlook

Bharat Forge zooms over 9% on Q4 results, promising FY25 outlook
Updated On : 08 May 2024 | 1:59 PM IST

Pre-market update: Trade set-up, key levels to watch out on Nifty on May 8

All you need to know before the market opens on Wednesday, May 08: Gift Nifty, global peers suggest a likely flat start to the trading action; Q4 results, banks and FMCG shares will be in focus.

Pre-market update: Trade set-up, key levels to watch out on Nifty on May 8
Updated On : 08 May 2024 | 7:03 AM IST

Amit Kalyani to become Vice-Chairman and Joint MD of Bharat Forge

Auto components major Bharat Forge on Wednesday announced the elevation of Amit Kalyani, son of its Chairman and MD Babasaheb N Kalyani, as Vice-Chairman and Joint Managing Director of the company. The board of directors of the company in its meeting held on April 3, 2024, approved the re-appointment of Amit Kalyani as a whole-time director designated as "Vice-Chairman and Joint Managing Director" for a further term of five years commencing from May 11, 2024 till May 10, 2029, Bharat Forge said in a regulatory filing. Amit Kalyani's present tenure as Joint Managing Director will conclude on May 10, 2024, it added. He was elevated as Deputy Managing Director in 2019 and as Joint Managing Director in 2023. He has been associated with Bharat Forge since 1999, starting his career focusing on operations & manufacturing before moving on to IT and Finance, the company said. Since May 2004, he has been the company's Executive Director and played a key role in strategy and execution of ...

Amit Kalyani to become Vice-Chairman and Joint MD of Bharat Forge
Updated On : 03 Apr 2024 | 6:15 PM IST

BDL, Bharat Forge: How to trade defence related stocks? Get tech view here

Technical charts suggest defence related stocks can rally up to 21 per cent from present levels; watch out for these key levels.

BDL, Bharat Forge: How to trade defence related stocks? Get tech view here
Updated On : 02 Apr 2024 | 11:42 AM IST

Growth worries may keep Bharat Forge under pressure; earning estimate cut

Brokerages have cut their earnings estimates by up to 11 per cent, given the slowdown in multiple segments

Growth worries may keep Bharat Forge under pressure; earning estimate cut
Updated On : 14 Feb 2024 | 10:55 AM IST

Bharat Forge Q3 results: Profit up over 220% to Rs 254 cr, stock tanks 14%

The company's stock slid 14.04 per cent on the Bombay Stock Exchange (BSE) on Monday, ending the day's trade at Rs 1,130.3 apiece

Bharat Forge Q3 results: Profit up over 220% to Rs 254 cr, stock tanks 14%
Updated On : 12 Feb 2024 | 6:45 PM IST

Bharat Forge Q3 results: PAT rises 31% to Rs 378 cr, revenue at Rs 2,263 cr

Auto components major Bharat Forge on Monday said its profit after tax increased by 31 per cent to Rs 378 crore for the third quarter ended on December 31, 2023. The company had reported a profit after tax (PAT) of Rs 289 crore in the October-December period of last fiscal. Total revenue rose to Rs 2,263 crore for the period under review as against Rs 1,952 crore in the year-ago period, Bharat Forge said in a regulatory filing. "Looking ahead in the Q4 & further into FY25, we expect the growth momentum to moderate in both Domestic & Export market across industries," Bharat Forge Chairman & Managing Director BN Kalyani said. The company's endeavour will be to outperform the market driven by its diversified business mix, he added. The company said its board has accorded in-principal approval to raise funds not exceeding Rs 500 crore through term loan, non-convertible debentures or any other debt instruments. Shares of Bharat Forge on Monday declined 14.04 per cent to Rs ...

Bharat Forge Q3 results: PAT rises 31% to Rs 378 cr, revenue at Rs 2,263 cr
Updated On : 12 Feb 2024 | 5:25 PM IST

Bharat Forge sinks 13% as growth concerns lead to profit booking

Looking ahead in the Q4 & further into FY25, the management said it expects the growth momentum to moderate in both Domestic & Export markets across industries.

Bharat Forge sinks 13% as growth concerns lead to profit booking
Updated On : 12 Feb 2024 | 2:55 PM IST