Pune: Bharat Forge has reported a consolidated net profit of Rs 175 crore in Q1FY25, as against Rs 214 crore a year ago. The decline in its bottomline was on account of exceptional expenses.The company, through its subsidiary, has made a provision of Rs 152 crore for an impairment loss on its investment in two-wheeler company Tork Motors due to the adverse impact of market conditions on the EV maker.
The company also had to make a provision for impairment in the value of investments in BF Infrastructure and Tevva Motors. TNN We also published the following articles recently Chemplast Sanmar net profit stands at Rs 24 crore in Q1 Chemplast Sanmar reported a net profit of Rs 24 crore in the June quarter, contrasting a net loss of Rs 64 crore last year. Revenues grew by 15% to Rs 1,145 crore.
Specialty chemicals and PVC from Cuddalore boosted earnings. The board approved a Rs 160 crore expansion for custom chemicals at Berigai. Future demand for specialty products looks robust.
MRF Q1 net profit slides 3% MRF's Q1FY25 net profit decreased by 3.6% to Rs 562.55 crore from the same period last year, but increased 48% sequentially from Q4FY24.
Profit before tax fell to nearly Rs 751 crore. Total income for Q1FY25 rose to Rs 7,160.58 crore compared to Rs 6,397 crore the previous year.
India Cements clocks Rs 58.47 crore profit in April-June; revenue declines 28.5% India Cements Ltd reported a consolidated net profit of Rs 58.
47 crore for the June 2024 quarter, despite a 26% drop in s.