BHARAT FORGE = RESULTS = FOR Q3 FY 2011 = QTR ENDNING DECEMBER,2010 = NET PROFIT UP BY 118% = EXCELLENT GROWTH

Bharat Forge Limited

NSE Symbol BHARATFORG

BHARAT FORGE has reported excellent results for Q3 FY2011 ending December, 2011.

NET SALES : is Rs.754 cr – up by 7.68% from Q2 FY11; by 23.91% from Q1 FY11; by 37.98% from Q4 FY11; and up by a good 52.07% from Q3 FY 2010.

Profit from Operations is Rs.139 – up by      11.08% from Q2 FY11; by 24.2% from Q1 FY11; by 44.3% from Q4 FY10; and up by a huge 77.79% from Q3 FY10.

Net Profit is Rs.83 Cr – up by 21.24% from Q2 FY11; by 39% from Q1 FY11; up by 34.85% from Q4 FY 10; and up by a fantastic 117.45% from Q3 FY 10.

Basic EPS on a Face Value of Rs.2 is Rs.3.55 against  Rs.2.93 in Q2 FY11; Rs.2.59 in Q1 FY 11; Rs.2.76 in Q4 FY 10; and Rs.1.7 in Q3 FY 10.

CMD B N Kalyani said, “With strong performance from both Indian and international operations, this quarter has been significant. The company is clearly back on the growth path and expects growth to continue with the recovery in the North American and European automotive markets. It is on track with its strategy of increasing revenues and gaining significant market share from the non-automotive sectors.”

Results table :

Bharat Forge	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	75402	70023	60850	54649	49585
DIF %1	754	7.68	23.91	37.98	52.07
Other Oprtg Income	2294	1845	2159	1588	1196
Incr./decr. in SIT / WIP	1548	-1341	-3101	-2291	-187
Raw Materials	33827	34412	31161	26893	22712
Employees Cost	5183	4892	4565	3468	3729
Depreciation	4962	4899	4682	4428	4091
Other Expenditure	18278	16494	14512	14108	12619
Total Expenditure	63798	59356	51819	46606	42964
Profit from Operations	13898	12512	11190	9631	7817
DIF %2	139	11.08	24.2	44.3	77.79
Other Income	1256	858	1014	1204	915
Interest	3014	3197	2993	2611	2675
Exceptional Items	-	-	423	65	293
Tax expense	3879	3359	2845	2033	1965
Net Profit	8261	6814	5943	6126	3799
DIF %3	83	21.24	39	34.85	117.45
Dividend (%)	-	-	-	50	-
Face Value (In Rs	2	2	2	2	2
Paid Up Equity	4657	4657	4657	4454	4454
Basic EPS	3.55	2.93	2.59	2.76	1.7
Diluted EPS	3.48	2.93	2.59	2.76	1.7
Public holding (%)	57.94	57.94	57.94	56.03	56.11

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