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Bharat Forge reports 54% fall in Q3 net profit

Bharat Forge has reported results for third quarter ended December 31, 2012.

The company has reported 53.92% fall in its net profit at Rs 47.52 crore for the quarter as compared to Rs 103.13 crore for the same quarter in the previous year. Total income of the company has decreased by 27.34% at Rs 692.03 crore for quarter under review as compared to Rs 952.50 crore for the quarter ended December 31, 2011.

Bharat Forge engages in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

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