Bharat Forge Q2 profit rises 23%, shares up nearly 4%
after close1 source ↓written by the desknot a recommendation
- Forge reported
- 23% increase in net profit
- for Q2 FY2023
- ₹299.20 cr
- in the previous
- ₹243.59 cr
- year-on-year
- 9.3%
- year-on-year
- ₹4,031.93 cr
Bharat Forge reported a 23% increase in net profit to ₹299.20 cr for Q2 FY2023, up from ₹243.59 cr in the previous quarter. Revenue grew 9.3% year-on-year to ₹4,031.93 cr. The EBITDA margin expanded to 18%, indicating strong operational efficiency. This positive performance has led to a nearly 4% rise in shares.
Not investment advice. For informational purposes only.