Bharat Gears reports standalone net profit of Rs 2.77 crore in the March 2021 quarter

Sales rise 57.34% to Rs 174.03 crore

Net profit of Bharat Gears reported to Rs 2.77 crore in the quarter ended March 2021 as against net loss of Rs 2.18 crore during the previous quarter ended March 2020. Sales rose 57.34% to Rs 174.03 crore in the quarter ended March 2021 as against Rs 110.61 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 7.70 crore in the year ended March 2021 as against net loss of Rs 18.77 crore during the previous year ended March 2020. Sales rose 8.62% to Rs 503.03 crore in the year ended March 2021 as against Rs 463.12 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales174.03110.61 57 503.03463.12 9 OPM %8.005.57 -7.124.02 - PBDT9.053.17 185 14.501.87 675 PBT3.24-3.38 LP -9.65-24.82 61 NP2.77-2.18 LP -7.70-18.77 59

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