Bharat Forge shares ended nearly 16 per cent higher at Rs 502.80 on the BSE on Thursday even after the company reported a consolidated loss of Rs 127.3 crore for the quarter ended June 30. The company had posted a consolidated profit of Rs 171.9 crore in the April-June period of the previous fiscal.
Revenue from operations came in at Rs 1,154.2 crore against Rs 2,327.8 crore in the year-ago period while its income during the April-June period declined to Rs 1,199.2 crore from Rs 2,372.7 crore in the year-ago period. CLICK HERE TO READ FULL REPORT
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