Bharat Forge Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 08, 2024 at 03:38 am EDT
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Bharat Forge Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 41,642.06 million compared to INR 36,290.5 million a year ago. Revenue was INR 42,190.36 million compared to INR 36,868.51 million a year ago. Net income was INR 2,359.53 million compared to INR 1,354.98 million a year ago. Basic earnings per share from continuing operations was INR 5.07 compared to INR 2.91 a year ago. Diluted earnings per share from continuing operations was INR 5.07 compared to INR 2.91 a year ago.
For the full year, sales was INR 156,820.71 million compared to INR 129,102.59 million a year ago. Revenue was INR 159,094.95 million compared to INR 130,831.16 million a year ago. Net income was INR 9,511.28 million compared to INR 5,283.64 million a year ago. Basic earnings per share from continuing operations was INR 20.43 compared to INR 11.35 a year ago. Diluted earnings per share from continuing operations was INR 20.43 compared to INR 11.35 a year ago.
Bharat Forge Limited is an India-based global provider of safety and critical components and solutions to various sectors including automotive, railways, defense, construction and mining, aerospace, marine, and oil and gas. The Company's segments include Forgings and Others. The Company is engaged in the manufacturing, assembling and selling of forged and machined components, including aluminum castings for the auto and industrial sector. It is also engaged in the manufacturing and assembly of electric vehicle related components. Its automotive products include engine, such as crankshaft, connecting rod, emission/after treatment and fuel injection system; chassis, such as front axle beams, steering knuckles, knuckle, fork and reinforcement bracket, and transmission and driveline, such as transmission components and driveline components. The Company's power products include thermal, such as shafts and gear boxes; hydro, such as rotor and others, and wind, such as shafts and gear boxes.
BHARAT FORGE LIMITED 
