Bharat Forge disclosed a sharp rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 81.04% to Rs 1,744.90 million from Rs 963.80 million in the same quarter last year.
Net sales for the quarter rose 34.69% to Rs 11,382.70 million, compared with Rs 8,451 million for the prior year period.
Earnings per share for the quarter stood at Rs 7.49, registering 80.92% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 11,382.70 | 8,451.10 | 34.69 |
| Net Profit | 1,744.90 | 963.80 | 81.04 |
| Basic EPS | 7.49 | 4.14 | 80.92 |
Shares of the company gained Rs 17.65, or 2.11%, to trade at Rs 854.50. The total volume of shares traded was 222,054 at the BSE (12.37 p.m., Monday).
