BHARAT FORGE LIMITED
Regd. Office : Mundhwa, Pune 411 036
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER AND HALF YEAR ENDED 30 TH SEPTEMBER, 2003.
       
 
(Rs. in Crores)
Sr.No.
Particulars
Quarter ended
Half Year ended
Year ended 31st March,2003
(Audited)
30th Sept., 2003 (Reviewed) 30th Sept., 2002 30th Sept, 2003 (Reviewed) 30th Sept., 2002 (Reviewed)
             
1 Net Sales & Income from Operations          
  - Domestic
138.80
84.80
259.83
183.71
417.81
  - Exports (FOB Value)
81.35
71.59
161.00
116.04
271.41
  Total Net Sales / Income from Operations
220.15
156.39
420.83
299.75
689.22
   
2 Other Income
4.22
0.21
7.62
0.34
6.28
   
3 Total expenditure :
  a) (Increase) / Decrease in stock in trade
6.24
(14.80)
2.98
(15.18)
(31.21)
  b) Consumption of raw materials
70.86
61.05
139.76
108.91
253.21
  c) Manufacturing Expenses
38.05
27.71
75.25
51.76
124.38
  d) Staff Cost
13.89
11.93
26.96
23.23
46.19
  e) Excise Duty
16.72
11.28
31.74
24.09
51.64
  f) Others
15.58
12.42
30.73
20.95
55.44
  Total expenditure
161.34
109.59
307.42
213.76
499.65
   
4 Profit before Interest, Depreciation and Tax
63.03
47.01
121.03
86.33
195.85
   
5 Interest
8.79
11.04
17.52
21.88
40.83
   
6 Depreciation
11.60
10.28
22.72
20.47
41.76
   
7 Profit / (Loss) before Tax
42.64
25.69
80.79
43.98
113.26
   
8 Provision for taxation
  - Current
12.57
6.76
24.53
10.95
28.18
  - Deferred
0.72
1.58
0.60
3.31
3.99
   
9 Net Profit / (Loss)
29.35
17.35
55.66
29.72
81.09
   
10 Paid-up Equity Share Capital
37.67
37.67
37.67
37.67
37.67
  (Face Value Rs.10/-)
   
11 Reserves excluding revaluation reserves
181.85
   
12 Basic and diluted Earning per share of
  Rs. 10/- each (Rs.)
7.55
4.41
14.34
7.54
20.71
   
13 Aggregate of non-promoter Shareholding
  - No of Shares
23,630,354
23,633,554
23,630,354
23,633,554
23,631,362
  - Percentage of shareholding
62.73%
62.74%
62.73%
62.74%
62.74%
 
     
  Notes :

1. The above Unaudited results have been reviewed by the Auditors of the Company.

2. Previous period's figures are regrouped wherever necessary.

3.The above results were taken on record by the Board of Directors of the Company at it's meeting held on October 21, 2003.

4. During the quarter, two investor complaints were received and disposed off. There were no Investor complaints pending for redressal as at the commencement and end of the quarter.

Pune
Dated : October 21, 2003.