Bharat Forge Ltd announces Q4 results with 78% YoY increase in net profit

Its revenue from operations grew by 15 percent YoY from Rs. 3,629.05 Crores in Q4FY23 to Rs. 4,164.2 Crores in Q4FY24 and it grew by 7.7 percent QoQ from Rs. 3,866.4 Crores in Q3FY24 to Rs. 4,164.2 Crores in Q4FY24. In terms of annual generation, a revenue of Rs. 12,910.25 Crores in FY23 and Rs. 15,682.07 Crores in FY24 indicating a growth of 21.46 percent YoY is seen.

While the Net Profit of the company grew by 77.79 percent YoY from Rs. 127.74 Crores in Q4FY23 to Rs. 227.11 Crores in Q4FY24 and it grew by 11 percent QoQ from Rs. 254.44 Crores in Q3FY24 to Rs. 227.11 Crores in Q4FY24. It generated around a Net Profit of Rs. 508.38 Crores in FY23 to Rs. 910.15 Crores in FY24, indicating a growth of 79 percent per annum.

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In Addition, the Board of Directors of Bharat Forge Limited has recommended a Final Dividend at 325 percent i.e., Rs. 6.50 per equity share with a face value of Rs. 2 per share for the financial year 2023-24. 

Bharat Forge Limited is engaged in the manufacturing and selling of forged and machined components for the auto and industrial sectors. It is also engaged in providing safety and critical components and solutions to various sectors including automotive, railways, defence, construction and mining, aerospace, marine, and oil and gas. 

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