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Bharat Forge Q3 net loss at ₹210 cr - The Hindu BusinessLine


Bharat Forge Q3 net loss at ₹210 cr
PTI
New Delhi |
Updated on
February 12, 2021
Baba N Kalyani, Chairman, Bharat Forge×
RELATED
An amount of ₹274.27 crore has been provided for in the quarter towards settlement with the company s German subsidiaries
Auto components major Bharat Forge on Friday reported a consolidated net loss of ₹210.45 crore in the third quarter ended December 31, 2020.
The company had posted a consolidated net profit of ₹40.44 crore in the same quarter last fiscal.
Consolidated revenue from operations stood at ₹1,723.11 crore as compared to ₹1,830.86 crore in the year-ago period, it added.
During the quarter, the company said it incurred ₹5.5 crore expenses for the quarter in standalone results on account of voluntary retirement scheme (VRS) for its employees at Mundhwa and Satara Plant. ....

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Market slips into the red; auto shares tumble

Read more about Market slips into the red; auto shares tumble on Business Standard. Key equity indices reversed gains and hit fresh intraday low in mid-afternoon trade. Auto shares corrected for second consecutive session. At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 16.62 points or 0.03% to 51,514.90. The Nifty ....

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