Bharat Forge Ltd (BFL) has posted a 24.7 per cent rise in its Q3 net profit on a year-on-year basis. The standalone company's PAT during Q3 2012 stood at Rs 103 crore, against Rs 82.6 crore in Q3 2011.
The standalone revenue in the quarter ending Dec 31, 2011 stood at Rs 941 crore, representing a growth of 21 per cent over the same period of the previous fiscal.
Exports played a major role in the revenue growth, with income from goods sold overseas nearly equalling operational income from domestic sales. Exports grew by 29.3 per cent on a YoY basis to Rs 464.4 crore, attributable to strong market growth higher penetration with customers globally. Growth in the domestic market was 15 per cent. EBIDTA for Q3 before exchange loss was Rs 239.1 crore, a YoY rise of 26.4 per cent. Standalone EBITDA margins for the quarter expanded by 100 bps to 25.4 per cent from 24.4 per cent in the corresponding quarter previous year.
Mr B. N. Kalyani, Chairman & Managing Director said, “The contribution from export market continues to grow on the back of increasing penetration with global customers, buoyant non-automotive business and strong demand environment overseas.”
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