Major auto components company Bharat Forge Ltd on Friday reported a consolidated net profit of Rs 127.74 crore for the fourth quarter ending March 31, 2023.
The company had posted a consolidated net profit of Rs 231.86 crore in the same period of the previous fiscal year, Bharat Forge said in a regulatory filing.
Consolidated revenue from operations during the quarter under review amounted to Rs 3,629.05 crore. It was at Rs 3,573.09 crore in the prior year period.
For the fiscal year ended March 31, 2023, the consolidated net profit was Rs 508.39 crore. It was at Rs 1,077.06 crore in the previous fiscal year.
Consolidated revenue from operations in FY23 amounted to Rs 12,910.26 crore. It was at Rs 10,461.08 crore in FY22.
The figures have not been compared as “the consolidated financial results include a 15-month period corresponding to certain foreign components for the year ended March 31, 2022.”
The company said its board of directors has recommended a dividend of Rs 5.5 per equity share of par value Rs 2 each for the fiscal year ending March 31, 2023, subject to shareholder approval at the annual general meeting. subsequent.
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First posted: May 05, 2023 | 3:30 PM IS