Bharat Forge Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
June 04, 2021 at 02:23 am EDT
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Bharat Forge Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 21,352.28 million compared to INR 17,956.01 million a year ago. Net income was INR 2,086.06 million compared to net loss of INR 720.95 million a year ago. Basic earnings per share from continuing operations was INR 4.48 compared to basic loss per share from continuing operations of INR 1.55 a year ago. For the full year, total revenue was INR 65,051.59 million compared to INR 82,437.07 million a year ago. Net loss was INR 1,263.81 million compared to net income of INR 3,498.32 million a year ago. Basic loss per share from continuing operations was INR 2.71 compared to basic earnings per share from continuing operations of INR 7.51 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 
