BHARAT FORGE LIMITED
  
 
Regd.Office : Mundhwa, Pune 411 036.
  
 
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE YEAR
  
 
ENDED 31 ST MARCH, 2003
  
 
 
 
            (Rs.in Crores)
Sr.No. Particulars Nine Months ended
31st Dec,
2002		 Quarter Ended

Year Ended
31st Mar,
2003		 31st Mar,
2002		 31st Mar,
2003		 31st Mar,
2002
     
1 Segment Revenue
a Steel Forging
477.90
208.24
125.67
686.14
466.56
b Gen. Engg,. Trading etc.
3.49
1.27
2.68
4.76
8.98
  Total
481.39
209.51
128.35
690.90
475.54
  Less : Inter Segment Revenue
1.10
0.58
0.73
1.68
1.55
  Net Sales/Income from Operations
480.29
208.93
127.62
689.22
473.99
2 Segment Results
  Profit / (Loss) ( before tax and Interest from each segment )
a Steel Forging
124.56
55.27
29.51
179.83
100.75
b Gen. Engg., Trading etc.
0.43
0.88
0.11
1.31
0.18
  Total
124.99
56.15
29.62
181.14
100.93
  Less :
1 Interest
31.20
9.63
11.41
40.83
45.37
2 Other Un-allocable expenditure net of un-allocable income
19.49
7.56
3.74
27.05
20.99
  Total profit before Tax
74.30
38.96
14.47
113.26
34.57
3 Capital Employed ( Segment assets - Segment Liabilities )
a Steel Forging
510.20
515.48
513.15
515.48
513.15
b Gen. Engg., Trading etc.
2.20
3.09
3.33
3.09
3.33
c Unallocable assets less Liabilities
80.75
54.53
41.92
54.53
41.92
  Total
593.15
573.10
558.40
573.10
558.40
 
     
  The Company has identified its business segments as its primary reporting format which compromises of Forgings, General Engineering and Trading. The main segment is Forgings. All products made by the company essentially emanate from forgings and therefore it is reported as an independent business segment. General Engineering is a fabrication unit and trading constitutes a miniscule portion of the Company's activities.

The Company operates through a single geographical segment. Secondary segment disclosures have been made accordingly.




Bharat Forge Limited

( B. N. Kalyani )
Chairman and Managing Director




Mumbai
Dated : May 5,2003