Bharat Forge Q1FY24 Results: Consolidated PAT Up at Rs. 213.73 Cr

Bharat Forge Q1FY24 Results: Consolidated PAT Up at Rs. 213.73 Cr

Bharat Forge Q1 results show revenue up from 3686.85 crores to 3941.42 crores, a 6.90% increase in growth. EPS rise from ₹2.91 to ₹4.80, up by 64.95%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Bharat Forge shared its Q1 results on Wednesday. They earned 3941.42 crores in revenue this quarter, but that’s more than the 3686.85 crores they made last quarter. The company’s growth increased by 6.90 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 213.73 crores, up from 127.74 crores in the previous quarter. Their quarter-to-quarter growth increased by 67.32 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.80, which is an increase of 64.95% from the ₹2.91 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3941.42 crores this year (2023), which is 36.66 percent higher than last year’s total revenue of 2884.04 crores.

This year’s PAT (Profit After Tax) is 213.73 crores, which is also 33.27% higher than last year’s PAT of 160.37 crores.

The EPS (Earnings Per Share) for this year is ₹4.80, which is 35.98% more than the EPS of ₹3.53 earned last year.

Bharat Forge Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Bharat Forge:

Bharat Forge produces a wide range of essential and safety parts for various industries. These sectors encompass Automobiles (both Commercial and Passenger Vehicles), Oil & Gas, Aerospace, Locomotives, Marine, Energy (covering both renewable and non-renewable sources), Construction, Mining, and General Engineering.

Download the Full PDF of Bharat Forge Q1 Results: Click Here

For more of the Latest News, Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *