Bharat Forge soars on reporting 78% rise in Q4 consolidated net profit
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Bharat Forge is currently trading at Rs. 1441.25, up by 33.15 points or 2.35% from its previous closing of Rs. 1408.10 on the BSE.
The scrip opened at Rs. 1409.95 and has touched a high and low of Rs. 1445.00 and Rs. 1390.25 respectively. So far 87292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1446.55 on 08-May-2024 and a 52 week low of Rs. 753.10 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 1446.55 and Rs. 1209.00 respectively. The current market cap of the company is Rs. 65559.54 crore.
The promoters holding in the company stood at 45.25%, while Institutions and Non-Institutions held 44.71% and 10.03% respectively.
Bharat Forge has reported 59.35% rise in its net profit at Rs 389.65 crore for the quarter ended March 31, 2024 as compared to Rs 244.52 crore for the same quarter in the previous year. Total income of the company increased by 16.23% at Rs 2,366.77 crore for Q4FY24 as compared Rs 2,036.36 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 77.80% rise in its net profit at Rs 227.12 crore for fourth quarter ended March 31, 2024 as compared to Rs 127.74 crore for the same quarter in the previous year. Total income of the company increased by 14.43% at Rs 4,219.04 crore for Q4FY24 as compared Rs 3,686.85 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 36.30% rise in net profit at Rs 1,424.96 crore as compared to Rs 1,045.47 crore for the previous year. Total income of the company increased by 18.23% at Rs 9,130.97 crore for year under review as compared to Rs 7,723.21 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 79.03% rise in its net profit at Rs 910.16 crore as compared to Rs 508.39 crore for the previous year. Total income of the company increased by 21.60% at Rs 15,909.50 crore for year under review as compared to Rs 13,083.12 crore for year ended March 31, 2023.
