Auto components major Bharat Forge Ltd on Friday reported a consolidated net profit of ₹127.74 crore for the fourth quarter ended March 31, 2023.
The company had posted a consolidated net profit of ₹231.86 crore in the same period of the previous fiscal, Bharat Forge said in a regulatory filing.
Consolidated revenue from operations during the quarter stood at ₹3,629.05 crore. It was at ₹3,573.09 crore in the year-ago period.
FY’23 earnings
For the fiscal ended March 31, 2023 consolidated net profit was at ₹508.39 crore. It was at ₹1,077.06 crore in the previous fiscal.
Consolidated revenue from operations in FY23 stood at ₹12,910.26 crore. It was at ₹10,461.08 crore in FY22.
The figures have not been compared as "the consolidated financial results include a period of 15 months pertaining to certain foreign components for the year ended March 31, 2022".
The company said its board has recommended a dividend of ₹5.5 per equity share of face value ₹2 each for the financial year ended March 31, 2023 subject to shareholders' approval in the ensuing annual general meeting.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.