Bharat Forge has announced a standalone net profit of INR 82.85 crore for January to March 2008 quarter up by 28.89% YoY. It has also recorded a net profit of INR 64.28 crore in the quarter. Total income rose to INR 576.50 crore from INR 537.87 crore.

For the year ended March 31st 2008, Bharat Forge announced a consolidated net profit of INR 301.52 crore up by 3.76% YoY. It had a net profit of INR 290.59 crore in 2007-08 fiscal. The consolidated total income rose to INR 4,751.57 crore from INR 4,275.21 crore.

For the year ended March 31st 2008, Bharat Forge announced a standalone net profit of INR 273.59 crore up by 13.55% YoY. The standalone total income rose to INR 2,284.90 crore from INR 1,945.3 crore.

Bharat Forge board has also approved the appointment of Mr Sunil Chaturvedi as additional director and also executive director of the company with immediate effect. Further, the board has reviewed its earlier decision of warrants issue to promoter group and has instead decided to issue non convertible debentures with detachable warrants, convertible into equity shares, to the shareholders.