Home / Companies / Results / Bharat Forge reports Rs 68.6 cr net loss in Q4, sales drop to Rs 1,742 cr

Bharat Forge reports Rs 68.6 cr net loss in Q4, sales drop to Rs 1,742 cr

The firm's revenue from operations in 2019-20 was at Rs 8,055.84 crore, against Rs 10,145.73 crore in 2018-19, the company said

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For the full financial year 2019-20, the company's consolidated net profit stood at Rs 349.25 crore, against Rs 1,032.6 crore in the previous year.

Press Trust of India New Delhi

3 min read Last Updated : Jun 29 2020 | 6:15 PM IST

Auto components major Bharat Forge Ltd on Monday reported a consolidated net loss of Rs 68.59 crore in the fourth quarter ended March 31, on account of lower revenue and impairment of its investment in associate firm Tevva Motors Jersey Ltd due to the coronavirus pandemic.

The company had posted a consolidated net profit of Rs 324.09 crore in the corresponding quarter of the previous financial year, Bharat Forge said in a regulatory filing.

Its consolidated revenue from operations during the period under review stood at Rs 1,741.92 crore, compared with Rs 2,670.78 crore in the year-ago period, it added.

Topics : Bharat Forge

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