Bharat Forge December quarter net plummets 81% to Rs 40 crore

Auto components maker Bharat Forge on Monday posted a 81.3 per cent decline in consolidated profit at Rs 40.4 crore for the quarter ended December 31, 2019. The company had posted consolidated profit of Rs 216.9 crore in the year-ago period, Bharat Forge said in a filing to BSE.

The consolidated income of the company during October-December quarter dropped to Rs 1,868 crore, from Rs 2,516.6 crore in the year-ago period, the filing said.

Shares of Bharat Forge closed at Rs 499.55 on the BSE, down 3.59 per cent.