Bharat Gears Ltd. (BGL) (Incorporated in 1971) is India’s largest gear manufacturer. BGL is a major global supplier of automotive gears and heat treatment furnaces. BGL manufactures a wide range of gears for HCV, MCV, LCV, utility, and off-highway vehicles. The manufacturing facilities are located in Mumbra, Faridabad, and Satara. The Company has a strong Dealer network of 72 dealers in 26 states covering the entire domestic geography and 3 sales offices in Delhi, Mumbai & Kolkata.
Financial Results:
Bharat Gears Ltd reported Revenues for Q1FY24 of ₹170.48 Crores down from ₹183.97 Crore year on year, a fall of 7.33%.
Total Expenses for Q1FY24 of ₹171.91 Crores down from ₹180.59 Crores year on year, a fall of 4.81%.
Consolidated Net Profit of -₹0.76 Crores from ₹4.30 Crores in the same quarter of the previous year.
The Earnings per Share is -₹0.49, from ₹2.79 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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