Surjit Raghunath
IntraDay Future Call May 24th
Posted 3 months, 1 week ago by Surjit RaghunathCategory: Futures & Options
TAGS: Bharat Forge Ltd
Sectors: Auto Metals Minerals & Mining Trading
Sentiment: Bullish
Net profit of Bharat Forge rose 0.21% to Rs 61.26 crore in the quarter ended March 2010 as against Rs 61.13 crore during the previous quarter ended March 2009. Sales rose 92.12% to Rs 546.49 crore in the quarter ended March 2010 as against Rs 284.45 crore during the previous quarter ended March 2009.
For the audited full year, net profit rose 22.99% to Rs 127.04 crore in the year ended March 2010 as against Rs 103.29 crore during the previous year ended March 2009. Sales declined 9.08% to Rs 1814.01 crore in the year ended March 2010 as against Rs 1995.15 crore during the previous year ended March 2009.
| Particulars | Quarter Ended | Year Ended | ||||
| Mar. 2010 | Mar. 2009 | % Var. | Mar. 2010 | Mar. 2009 | % Var. | |
| Sales | 546.49 | 284.45 | 92 | 1814.01 | 1995.15 | -9 |
| OPM % | 25.73 | 15.41 | 67 | 24.09 | 22.36 | 8 |
| PBDT | 126.52 | 28.48 | 344 | 366.56 | 393.39 | -7 |
| PBT | 82.24 | -2.44 | LP | 202.12 | 243.95 | -17 |
| NP | 61.26 | 61.13 | 0 | 127.04 | 103.29 | 23 |
The above results are splendid considering the competition and regulations of the sector in which bharat forge operates.
The results clearly indicate a very aggresive and level headed management of Bharat Forge.In this Sector Bharat forge has the disctintion of wiping out the competitors and the remaining ones are far behind.
The auto industry's robust performance is another indication for running after this stock.
