Auto components major Bharat Forge today reported 21.48 per cent decline in its net profit at Rs 128.62 crore for the quarter ended on December 31, 2016.
The company had posted a net profit of Rs 163.81 crore for the same period of previous fiscal.
Total income from operations declined to Rs 990.01 crore for the third quarter of FY2016-17, compared to Rs 1,108.52 crore during the same period of previous fiscal, Bharat Forge said in a regulatory filing.
The company's board, which met today, has declared an interim dividend Rs 2.50 per equity share of Rs 2 each.
Shares of the company were trading down 0.08 per cent at Rs 980 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
