BHARAT FORGE LIMITED
Regd. Office : Mundhwa, Pune 411 036
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31 st DECEMBER, 2003.
       
 
(Rs. in Crores)
Sr.No.
Particulars
Quarter ended
Nine Months ended
Year ended 31st March,2003
(Audited)
31st Dec., 2003 (Reviewed) 31st Dec, 2002 31st Dec, 2003 (Reviewed) 31st Dec, 2002
             
1 Net Sales & Income from Operations          
  - Domestic
145.86
105.86
403.68
289.57
417.53
  - F.O.B. value of Exports & Corresponding Income
84.83
74.68
247.84
190.72
271.69
  Total Net Sales / Income from Operations
230.69
180.54
651.52
480.29
689.22
   
2 Other Income
0.33
1.45
7.95
1.79
6.28
   
3 Total expenditure :
  a) (Increase) / Decrease in stock in trade
(0.69)
0.65
2.29
(14.53)
(31.29)
  b) Consumption of raw materials
79.56
58.40
219.32
167.31
253.21
  c) Manufacturing Expenses
37.35
33.94
112.60
85.70
124.38
  d) Staff Cost
13.07
11.48
40.03
34.71
46.19
  e) Excise Duty
18.75
12.80
50.49
36.89
51.64
  f) Others
16.02
14.55
46.75
35.50
55.44
  Total expenditure
164.06
131.82
471.48
345.58
499.65
   
4 Profit before Interest, Depreciation and Tax
66.96
50.17
187.99
136.50
195.85
   
5 Interest
7.41
9.32
24.93
31.20
40.83
   
6 Depreciation
11.93
10.53
34.65
31.00
41.76
   
7 Profit / (Loss) before Tax
47.62
30.32
128.41
74.30
113.26
   
8 Provision for taxation
  - Current
13.97
7.57
38.50
18.52
28.18
  - Deferred
0.64
1.39
1.24
4.70
3.99
   
9 Net Profit / (Loss)
33.01
21.36
88.67
51.08
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.)
8.54
5.45
22.88
12.99
20.71
   
13 Aggregate of non-promoter Shareholding
  - No of Shares
23,635,354
23,632,154
23,635,354
23,632,154
23,631,362
  - Percentage of shareholding
62.75%
62.74%
62.75%
62.74%
62.74%
 
     
  Notes :

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

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

3.The above unaudited results were taken on record by the Board of Directors of the Company at it's meeting held on January 19, 2004.

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

5.The Company has, on January 16, 2004, entered into Sale & Purchase Agreement with the Administrative Receiver of erstwhile Carl Dan Peddinghaus GmbH & Co. KG, to acquire 100% of the assets & business of the said Company's German Operations w.e.f. January 1, 2004 through a specific 'Special Purpose Vehicle'.

Pune
Dated : January 19, 2004.