Bharat Forge announced a sharp rise in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 2.38 times to Rs 1,189.80 million from Rs 500.80 million in the same quarter previous year.
Net sales for the quarter rose 37.92% to Rs 9,305.20 million, compared with Rs 6,747 million for the prior year period.
Earnings per share for the quarter stood at Rs 5.11, registering 2.38 times growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 9,305.20 | 6,746.80 | 37.92 |
Net Profit | 1,189.80 | 500.80 | 137.58 |
Basic EPS | 5.11 | 2.15 | 137.67 |
Shares of the company gained Rs 26.15, or 5.54%, to settle at Rs 498.50. The total volume of shares traded was 235,018 at the BSE (Tuesday).