Earnings | Bharat Forge Limited (NSE: BHARATFORG): Q4FY23 Results Out; Total Income rises 0.8% YoY.

Bharat Forge Limited is a leading Indian multinational company that specializes in the manufacture of various industrial components such as automotive, power, oil and gas, and construction. Established in 1961, the company has grown into a global brand with a presence in several countries, including Europe, North America, and Asia. It has diversified its business operations into four key segments, which are forgings, castings, construction equipment, and power. The company has a strong commitment to research and development and has invested heavily in developing advanced technologies and innovative solutions for its customers. With a robust financial performance and a strong market position, Bharat Forge Limited is poised for continued growth and success in the years ahead.

• Bharat Forge Limited reported Total Income for Q4 FY23 of ₹3,686 Crore up from ₹3,656 Crore year on year, a growth of 0.8%.
• Total Expenses for Q4 FY23 of ₹3,469 Crore up from ₹3,295 Crore year on year, a growth of 5%.
• Consolidated Net Profit of ₹128 Crore, down 45% from ₹232 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹2.91, down 43% from ₹5.06 in the same quarter of the previous year.