Bharat Forge jumps on reporting 9% rise in Q4 consolidated net profit
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Bharat Forge is currently trading at Rs. 661.50, up by 32.35 points or 5.14% from its previous closing of Rs. 629.15 on the BSE.
The scrip opened at Rs. 635.00 and has touched a high and low of Rs. 669.50 and Rs. 626.00 respectively. So far 97846 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 669.50 and Rs. 597.50 respectively. The current market cap of the company is Rs. 30603.14 crore.
The promoters holding in the company stood at 45.25%, while Institutions and Non-Institutions held 43.51% and 11.23% respectively.
Bharat Forge has reported a rise of 27.51% in its net profit at Rs 261.96 crore for the quarter ended March 31, 2022 as compared to Rs 205.45 crore for the same quarter in the previous year. Total income of the company increased by 29.94% at Rs 1740.24 crore for Q4FY22 as compared Rs 1339.31 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 9.31% in its net profit at Rs 231.86 crore for the quarter ended March 31, 2022 as compared to Rs 212.12 crore for the same quarter in the previous year. Total income of the company increased by 71.23% at Rs 3656.05 crore for Q4FY22 as compared Rs 2135.22 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported 3- fold jump in its net profit at Rs 1077.80 crore as compared to Rs 312.09 crore for the previous year. However, total income of the company increased by 69.36% at Rs 6422.11 crore for year under review as compared to Rs 3791.97 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit at Rs 1077.06 crore as compared to net loss of Rs 126.97 crore for the previous year. Total income of the company increased by 63.82% at Rs 10656.98 crore for year under review as compared to Rs 6505.16 crore for year ended March 31, 2021.
