*Bharat Forge,* a leading automotive component manufacturer disclosed a substantial drop in standalone net profit for the quarter ended December 2008 due to fall in sales and slump in global auto industry.
During the quarter, the profit of the company declined 92.52% to Rs 43.50 million from Rs 581.79 million in the same quarter previous year. Net sales declined 18.62% to Rs 4,531 million, while total income for the quarter fell 18.87% to Rs 4,642.80 million, when compared with the prior year period. The company reported earnings of Rs 0.20 a share during the quarter, registering 92.31% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 4,530.50 5,567.33 (18.62) *Net Profit* 43.50 581.79 (92.52) *Basic EPS* 0.20 2.60 (92.31) During the quarter, interest cost decreased 5.53% to Rs 277.90 million while depreciation cost rose 18.58% to Rs 419 million over previous year period. B.Karthick Research Analyt. www.kences1training.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
