BHARAT FORGE LIMITED
Regd. Office : Mundhwa, Pune 411 036
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31 st DECEMBER, 2002.
       
 
(Rs. in Crores)
Sr.No.
Particulars
Quarter ended
Nine Months ended
Year ended 31st March,2002
(Audited)
31st Dec., 2002 31st Dec, 2001 31st Dec, 2002 31st Dec, 2001
             
1 Net Sales / Income from Operations          
  - Domestic
105.86
94.20
289.57
269.75
363.64
  - Exports
74.68
29.37
190.72
76.62
110.35
  Total Net Sales / Income from Operations
180.54
123.57
480.29
346.37
473.99
   
2 Other Income
1.45
0.24
1.79
4.39
9.07
   
3 Total expenditure :
  a) (Increase) / Decrease in stock in trade
0.65
5.31
(14.53)
5.09
1.92
  b) Consumption of raw materials
58.40
36.25
167.31
109.95
155.72
  c) Manufacturing Expenses
33.94
20.21
85.70
57.72
78.83
  d) Staff Cost
11.48
10.63
34.71
32.05
42.72
  e) Excise Duty
12.80
12.23
36.89
36.74
48.61
  f) Others
14.55
8.81
35.50
26.20
35.60
  Total expenditure
131.82
93.44
345.58
267.75
363.40
   
4 Profit before Interest, Depreciation and Tax
50.17
30.37
136.50
83.01
119.66
   
5 Interest
9.32
10.39
31.20
33.96
45.37
   
6 Depreciation
10.53
9.83
31.00
28.95
39.01
   
7 Profit / (Loss) before Tax
30.32
10.15
74.30
20.10
35.28
   
8 Provision for taxation
  - Current
7.57
2.57
18.52
3.41
2.84
  - Deferred
1.39
1.27
4.70
3.80
10.44
   
9 Net Profit / (Loss)
21.36
6.31
51.08
12.89
22.00
   
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
118.49
   
12 Basic and diluted Earning per share of
  Rs. 10/- each (Rs.)
5.45
1.59
12.99
3.17
5.50
   
13 Aggregate of non-promoter Shareholding
  - No of Shares
23,632,154
23,892,776
23,892,776
  - Percentage of shareholding
62.74%
63.43%
63.43%
 
     
  Notes :

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

2.The above results were taken on record by the Board of Directors of the Company at it's meeting held on January 15, 2003.

Pune
Dated : January 15, 2003.