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Bharat Forge Q3 results: Net profit up 37%, revenue up 21%
Bharat Forge reported a 37% increase in net profit to Rs 670 crore for the third quarter ended December 2022, compared to Rs 489 crore in the same period last year. Revenue from operations grew 21% to Rs 2,577 crore from Rs 2,129 crore in the year-ago period.
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Bharat Forge to invest Rs 1,000 crore in electric vehicle components
Bharat Forge plans to invest Rs 1,000 crore over the next three years in electric vehicle components, including electric motors, controllers, and inverters. The company is targeting a 20% market share in the electric vehicle components segment by 2025.
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Bharat Forge partners with REE Automotive to develop electric vehicle chassis
Bharat Forge has partnered with REE Automotive, an Israeli electric vehicle technology company, to develop and manufacture electric vehicle chassis. The partnership will leverage REE's modular chassis platform and Bharat Forge's forging and machining expertise.
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Bharat Forge JV Signs Agreement To Supply Crankshafts For Electric Vehicle Market
Bharat Forge JV Signs Agreement To Supply Crankshafts For Electric Vehicle Market
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Bharat Forge arm inks pact to supply crankshafts for electric vehicle market
BFL forging solutions to supply crankshafts, a critical component of internal combustion engines, for EVs
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Bharat Forge Consolidated December 2022 Net Sales at Rs 2,750.63 crore, up 29.4% Y-o-Y
Bharat Forge Consolidated December 2022 Net Sales at Rs 2,750.63 crore, up 29.4% Y-o-Y
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Bharat Forge Q3 results: Profit jumps 150% to Rs 404 crore
The company's total revenue from operations rose 36 per cent year-on-year to Rs 1,905 crore.
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Bharat Forge to invest Rs 1,000 crore in electric vehicle components
The company plans to set up a new plant in Chakan, Maharashtra, to manufacture electric vehicle components.
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Bharat Forge bags Rs 1,500 crore order from global automotive OEM
The order is for the supply of forged and machined components for a range of automotive applications.