Bharat Forge Ltd reported a net profit of Rs 61.13 crore for the fourth quarter ended March 31, 2009 as compared with Rs 82.85 crore shown during the same quarter in 2008.
Total income for the quarter ended March 31, 2009 has decreased to Rs 306.84 crore from Rs 592.31 crore in the year-ago period.
For the year ended March 31, 2009, the company’s net profit decreased to Rs 103.29 crore from Rs 273.59 crore shown during the year 2008. Total revenue has decreased to Rs 2,106.35 crore (Rs 2,258.84 crore).
Bharat Forge Ltd has informed the BSE that the Board of Directors of the Company at its meeting held on May 20 has recommended a dividend of Re 1 per share (50%), subject to approval of shareholders.
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