Bharat Forge Sees Profitable Growth in Q2 2024

Bharat Forge reported a 13% increase in consolidated net profit for Q2 2024, reaching Rs 243 crore. This marks an improvement from Rs 215 crore in the same quarter last fiscal. Despite a slight dip in revenue to Rs 3,688 crore, the company's shares rose by 1.03% on BSE.

Bharat Forge, a key player in the auto components sector, announced a 13% rise in its consolidated net profit, totaling Rs 243 crore for the second quarter of 2024.

Compared to the same quarter last year, when profits were Rs 215 crore, the company's financial health shows notable improvement, despite a minor decrease in revenue to Rs 3,688 crore.

The company's shares responded positively, showing an increase of 1.03% on the BSE, with prices reaching Rs 1,335.10 per share.

(With inputs from agencies.)