Bharat Forge Ltd has posted a 24.7% rise in its Q3 net profit on a year on year basis. The standalone company's PAT during Q3 2012 stood at INR 103 crore, against INR 82.6 crore in Q3 2011.

The standalone revenue in the quarter ending December 31st 2011 stood at INR 941 crore, representing a growth of 21% over the same period of the previous fiscal.

Exports played a major role in the revenue growth, with income from goods sold overseas nearly equaling operational income from domestic sales. Exports grew by 29.3% on a YoY basis to INR 464.4 crore, attributable to strong market growth higher penetration with customers globally. Growth in the domestic market was 15%. EBIDTA for Q3 before exchange loss was INR 239.1 crore, a YoY rise of 26.4%. Standalone EBITDA margins for the quarter expanded by 100 bps to 25.4 per cent from 24.4% in the corresponding quarter previous year.

Mr BN Kalyani CMD said that “The contribution from export market continues to grow on the back of increasing penetration with global customers, buoyant non automotive business and strong demand environment overseas.”

(Sourced from BS)