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Bharat Forge on Tuesday reported a jump of 63.87 per cent in its standalone net profit at Rs 100.39 crore for the quarter ended March 31, 2011.
The company had posted a net profit of Rs 61.26 crore during the corresponding quarter of 2009-10.
Total revenue of the company grew by 45.44 per cent at Rs 836.54 crore during the quarter as compared to Rs 575.14 crore in the Q4 of FY’10, the company said in a filing to the Bombay Stock Exchange.
Of this, the income from its Indian operations rose by over 30 per cent at Rs 478.32 crore, while revenues from its overseas operations went up by over 63 per cent at Rs 358.17 crore, the filing added.
For the full year 2010-11, the consolidated net profit of the flagship company - Kalyani Group, stood at Rs 296.60 crore in as against a net loss of Rs 76.44 crore in the previous year.
Its consolidated total income from operations during the year rose by over 52 per cent to Rs 5,151.76 crore, the filing said, adding that in 2009-10, it was Rs 3,372.41 crore.
In a separate statement, the company said, “The non auto business has become one of the major drivers of our business. We expect that the non automotive business will continue to be strong with tremendous traction from global clients and new order wins”.
It added that contribution of non-auto segment to the standalone business has increased to 37 per cent in 2011.
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