Bharat Forge Q3 results 2024 results has been released on 12 February 2024, Monday. The company operates in multiple sectors, including mining, defense, aerospace, and even railways. They play a role in the country’s overall growth as well. Bharat Forge has been profitable in the previous quarter. The share price is falling in today’s share market. The company is going to release its quarter results today. Thus, the company’s shares are moving in red till now (noon).
Bharat Forge Q3 Results 2024 Net Sales, Revenue, Net Profit, EPS, And YoY Growth
Bharat Forge Q3 results 2024 has been released on 12 February 2024. Bharat Forge Q3 2024 consolidated net profit surged by more than 220% to ₹254.45 Crore. Revenue also rose by 15.7% to ₹3922.96 crores. Bharat Forge declares an interim dividend of ₹2.5 per share. The company reported an EBITDA of ₹645 Crore which is 30.9% high.
The company has been doing well financially in previous quarters. In Q3 2023, the company made revenue from operations of ₹3,353 Crore, which increased quarterly and yearly. The net income also got impacted positively reaching ₹3,389 Crore. The company’s expenses increased to ₹3,178 Crore, leading to a controlled increase quarterly and yearly. The quarter’s profit was approx ₹79 Crore decreasing yearly and quarterly. The main reason for the decrease in the net profit was a change in the inventory. Let us look at the Q1 2024 results as well.
In Q1 2024, the company made ₹3,941 Crore in the current quarter increasing from ₹2,884 Crore previously. The expenses increased to ₹3,602 Crore increasing quarterly and yearly as well. Apart from that, the profit for the period also increased to ₹213 Crore, leading to massive growth yearly and quarterly. The EPS increased to 4.80 from 3.53 in the previous year. Q2 2024 also had a similar pace of growth. The company maintained the same level of profits. The current year is going to have an increase as well.
Bharat Forge’s share price is currently going at ₹1,307.05 per share. The shares are moving downward after the opening of the market. The company’s all-time high for 52-week is ₹1,330, while the 52-week all-time low is ₹743.55. The P/E ratio of the company is 91.02, with a dividend yield of 0.54%. The market opened at ₹1,324 today. The past five days resulted in almost 2% growth in the share. While the past month led to 4% growth. The share price is expected to fall today amid the ongoing announcement of the quarter results. We hope you get enough details about Bharat Forge Q3 results 2024 above.