Bharat Forge announced a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 60.01% to Rs 1,449.70 million from Rs 906.00 million in the same quarter previous year.
Net sales for the quarter rose 24.83% to Rs 9,881.30 million, compared with Rs 7,916 million for the prior year period.
Earnings per share for the quarter stood at Rs 6.23, registering 60.15% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 9,881.30 | 7,915.60 | 24.83 |
Net Profit | 1,449.70 | 906.00 | 60.01 |
Basic EPS | 6.23 | 3.89 | 60.15 |
Shares of the company gained Rs 7.65, or 1.08%, to trade at Rs 718.05. The total volume of shares traded was 93,504 at the BSE (12.33 p.m., Wednesday).