Bharat Forge profit up for Q4 & FY22

Pune: City-based metals conglomerate Bharat Forge reported increase in its income and profit for the quarter ended March 31, 2022, as well as the 2021-22 fiscal, with the firm also reporting significant new orders globally.
For Q4 of FY22, Bharat Forge reported a consolidated net profit of Rs 232 crore, up by around 9% over the same quarter in the previous fiscal.Its consolidated income over the same period grew by a significant 71% to around Rs 3,573 crore.
As for the FY22 fiscal, Bharat Forge returned to profitability, posting a consolidated annual profit of around Rs 1,077 crore, against a loss of around Rs 1,270 crore in FY21. Its topline also grew in that period, from around Rs 6,336 crore in FY21 to around Rs 10,461 crore in FY22. — Shiladitya Pandit