BHARAT FORGE LIMITED
  
 
Regd.Office : Mundhwa, Pune 411 036.
  
 
AUDITED FINANCIAL RESULTS FOR THE YEAR
 
 
ENDED 31 ST MARCH, 2003
 
 

 

  
 
           
(Rs.in Crores)
Sr. No. Particulars Nine Months
ended
31st Dec,
2002
(Unaudited)
Quarter Ended
Year ended
31st Mar,
2003		 31st Mar,
2002		 31st March,2003
(Audited)		 31st March,2002
(Audited)
1 Net Sales/ Income from Operations
  - Domestic
289.57
128.24
93.89
417.81
363.64
  - Exports
190.72
80.69
33.73
271.41
110.35
  Total Net Sales/Income from Operations
480.29
208.93
127.62
689.22
473.99
2 Other Income
1.79
4.49
4.68
6.28
9.07
3 Total Expenditure :
a (Increase) / Decrease in stock in trade
(14.53)
(16.68)
(3.17)
(31.21)
1.92
b Consumption of raw materials
167.31
85.90
45.77
253.21
155.72
c Manufacturing Expenses
85.70
38.68
21.11
124.38
78.83
d Staff Cost
34.71
11.48
10.67
46.19
42.72
e Excise Duty
36.89
14.75
11.87
51.64
48.61
f Others
35.50
19.94
9.40
55.44
35.60
  Total Expenditure
345.58
154.07
95.65
499.65
363.40
4 Profit before Interest, Depreciation and Tax
136.50
59.35
36.65
195.85
119.66
5 Interest
31.20
9.63
11.41
40.83
45.37
6 Depreciation
31.00
10.76
10.77
41.76
39.72
7 Profit / ( Loss ) before Tax
74.30
38.96
14.47
113.26
34.57
8 Provision for taxation
  - Current
18.52
9.66
(0.57)
28.18
2.84
  - Deferred
4.70
(0.71)
6.64
3.99
10.44
9 Net Profit / ( Loss )
51.08
30.01
8.40
81.09
21.29
10 Paid-up Equity Share Capital ( Face value Rs. 10 /- )
37.67
37.67
37.67
37.67
37.67
11 Reserves excluding revaluation reserves
181.85
118.49
12 Basic and diluted Earning per share of Rs 10 /- each ( Rs.)
12.99
7.72
2.14
20.71
5.31
13 Aggregate of Non-promoter Shareholding
  - No. of shares
23,632,154
23,631,362
23,892,776
23,631,362
23,892,776
  - Percentage of shareholding
62.74%
62.74%
63.43%
62.74%
63.43%
 
     
  Notes :

1) Previous year / period's figures are regrouped wherever necessary.

2) Directors recommend a Dividend of Rs 6 /- per equity share (60%), subject to approval of shareholders.

3) The above results were taken on record by the Board of Directors of the Company at its meeting held on May 5, 2003.




Bharat Forge Limited

( B. N. Kalyani )
Chairman and Managing Director




Mumbai
Dated : May 5,2003