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Bharat Forge has posted a standalone net profit of Rs 203 crore for the fourth quarter ended March 31, 2015 compared with Rs 118.90 crore in the same quarter previous year, representing a rise of 70 per cent year-on-year.
Total income from operations for the Pune-based forgings major rose to Rs 1,224 crore versus Rs 931 crore in the same quarter last fiscal, a growth of 31 per cent YoY.
At its meeting held today, the board recommended a final dividend of Rs 4.50 per equity share of face value Rs 2 (225%), subject to approval of shareholders at the ensuing annual general meeting.
For the full year, the company has posted a net profit of Rs 719 crore compared with nearly Rs 400 crore for the year ended March 31, 2014. This is a rise of 80 per cent on a year-on-year basis.
Total income from operations in the two fiscals stood at Rs 4,548 crore and Rs 3,399 crore, respectively, growing by 33.8 per cent YoY.
On the BSE, shares of Bharat Forge went into the red plunging to a low of Rs 1,229 apiece minutes after the results were announced. At 2.35 p.m., the shares were down by 3.46 per cent at Rs 1,244 on the BSE.
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