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India

Bharat Forge sees 14.9% drop in net profit in FY 2015-16

Bharat forge announced on 17th May that its consolidated profit falls 14.9% to INR 6.5 billion against 7.6 billion in FY 2014-15. Total revenue increased 0.3% to INR 76.5 billion.Its stand alone net profit falls to 2.4% to Rs 7.0 billion against 7.2 billion in FY 2014-15. Total revenue also declined by 5.3% to INR 43....

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