Bharat Forge Q3 Results: Net profit declines 16% to ₹212.78 crore, revenue stands at ₹3,475.55 crore
Bharat Forge Q3 Results: Net profit declines 16% to ₹212.78 crore, revenue stands at ₹3,475.55 crore
Bharat Forge Ltd. (BFL) reported a 16% year-on-year decline in net profit for the third quarter, reaching ₹212.78 crore. The company’s revenue for the quarter stood at ₹3,475.55 crore.
Total expenses saw a reduction, amounting to ₹3,165.37 crore compared to ₹3,529 crore in the same quarter last year. Despite the dip in profitability, BFL’s board has announced an interim dividend of ₹2.5 per equity share (face value ₹2), translating to a 125% payout. The dividend is set to be paid by March 12, with February 18 marked as the record date.
On the operational front, EBITDA dropped 8% year-on-year to ₹609.7 crore from ₹663 crore. The EBITDA margin saw a marginal dip to 29.1% from 29.3% in the corresponding quarter of the previous fiscal year.
