The Hindu Business Line : Bharat Forge Q2 net up at Rs 74 cr

Bharat Forge Ltd has posted a combined revenue of Rs 990.1 crore and profit after tax of Rs 74.2 crore for the second quarter of the current fiscal. This represents a growth of 42 per cent and 21 per cent respectively over the corresponding previous period's figures. It has recorded a standalone revenue of Rs 469.9 crore, up by 21 per cent.

Commenting on the results, Mr Baba N. Kalyani, Chairman and Managing Director, said that the company has also begun implementation of the capacity expansion programme for non-automotive applications.

"This business will be a major revenue and profitability driver in the years to come," he said.

The company is also establishing a world-class centre for advanced technology to address the need for intensive technology, design and engineering inputs. It is also setting up a centre for leadership development, which will ensure availability of adequately trained manpower and incremental management bandwidth for sustained future growth.

Mr Kalyani said Bharat Forge is in the process of finalising four large long-term contracts with marquee global customers, each in excess of $50 million per year. The company expects to sign these contracts by the end of financial year 2007.

More Stories on : Automobile Components | Outlook

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India Infoline Q2 net up 50 pc

Jet Airways posts Rs 55.1-cr loss in Q2

IPCL Q2 net up 9.3 per cent

Petronet LNG net at Rs 66 cr in Q2

Indo Rama Synthetics net down

Banswara Syntex posts profit of Rs 5 cr

NDTV revenues up 27 pc

Bharat Forge Q2 net up at Rs 74 cr

Polaris net up at Rs 27 cr

BILT Q1 net up 32 pc

Kewal Kiran net at Rs 7.3 cr

South Indian Bank Q2 net rises 383 pc

Punjab & Sind net doubles

Growth in advances lifts Centurion net

HDFC Bank net rises 31 pc in Q2

Sify posts Rs 6.8 cr net