Bharat Gears reports standalone net loss of Rs 1.75 crore in the March 2024 quarter

Sales decline 4.86% to Rs 170.77 crore

Net loss of Bharat Gears reported to Rs 1.75 crore in the quarter ended March 2024 as against net profit of Rs 0.84 crore during the previous quarter ended March 2023. Sales declined 4.86% to Rs 170.77 crore in the quarter ended March 2024 as against Rs 179.49 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 9.74 crore in the year ended March 2024 as against net profit of Rs 13.49 crore during the previous year ended March 2023. Sales declined 13.48% to Rs 663.05 crore in the year ended March 2024 as against Rs 766.36 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales170.77179.49 -5 663.05766.36 -13 OPM %4.275.47 -3.556.00 - PBDT3.425.73 -40 9.6737.67 -74 PBT-2.250.50 PL -12.8817.60 PL NP-1.750.84 PL -9.7413.49 PL

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