Bharat Forge rose 2.25% to Rs 855.65 at 13:50 IST on BSE after the company's net profit rose 81% to Rs 174.50 crore on 34.7% rise in total revenues to Rs 1138.30 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced during market hours today, 10 November 2014.
Meanwhile, the S&P BSE Sensex was down 74.48 points or 0.27% at 27,794.15.
On BSE, so far 2.26 lakh shares were traded in the counter as against average daily volume of 83,190 shares in the past one quarter.
The stock hit a high of Rs 864 and a low of Rs 828.20 so far during the day. The stock had hit a record high of Rs 934.40 on 11 September 2014. The stock had hit a 52-week low of Rs 280.55 on 21 November 2013.
The stock had underperformed the market over the past one month till 7 November 2014, advancing 4.29% compared with the Sensex's 6.08% rise. The scrip had, however, outperformed the market in past one quarter, gaining 10.38% as against Sensex's 8.91% rise.
The large-cap firm has an equity capital of Rs 46.56 crore. Face value per share is Rs 2.
Bharat Forge (BFL) showed robust growth in revenues driven by 26.4% increase in export on account of industrial sector growth and robust North American truck market. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 48.7% to Rs 331.30 crore in Q2 September 2014 over Q2 September 2013. EBITDA margin stood at 29.1% in Q2 September 2014 compared with 26.4% in Q2 September 2013. BFL's shipment tonnage rose 22.8% to 52,560 tonnes in Q2 September 2014 over Q2 September 2013. Earnings per share (EPS) stood at Rs 7.49 in Q2 September 2014 compared with Rs 4.14 in Q2 September 2013.
Bharat Forge (BFL), the Pune based Indian multinational is a technology driven global leader in metal forming having transcontinental presence across eight manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining , locomotive, marine and aerospace.
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