Bharat Forge Q3 net profit at Rs 58.18 cr

Bharat Forge has announced its third quarter numbers. It has posted standalone net profit of Rs 58.18 crore for the quarter ended December 2007 as against Rs 62.97 crore in same period of last year and net sales of Rs 556.73 crore versus Rs 477.12 crore.

Bharat Forge is to announce its Q3 FY08 result. According to CNBC-TV18 estimates, the company's standalone Q3FY08 net profit is seen up 10% at Rs Rs 69 cr vs Rs 63 cr, YoY. During the same period, its net sales is seen up 24% at Rs 590 cr vs Rs 477 cr.

Factor s to watch

Standalone Sales growth will be divided as 16.4% domestic sales and 35% in exports

Co has been working at derisking exports model with more focus on Europe

Margins in subsidiaries to be arnd 8% , pressure to continue

Chinese operation to breakeven by year end, may be included in cons numbers

Wider range of products being manufactured, completion in ramp-up of

capacities, and scaling up of European operations would help accelerate sales growth.

To hedge against loss due to rupee appreciation and to improve its margins, BFL plans to link its input costs to the dollar, increase raw material imports, raise productivity, increase prices, and focus more on non-dollar based revenues.

Co plans capex of Rs3.5b for its non-automotive business ventures..Pune Baramati plants to add to production capacity in FY09.

Non - automotive business to grow @17-19% in FY08

Result (Rs cr)	Dec-07	Sep-07	Jun-07	Mar-06	Dec-06
Net Sales / Interest Earned / Operating Income	557	563	497	516	477
Other Income	16	25	53	22	16
Total Income	572	588	550	538	493
Expenditure	-420	-425	-396	-392	-353
Operating Profit	152	164	155	147	140
Interest	-29	-27	-23	-23	-22
Profit Before Depreciation and Tax	123	136	131	123	119
Depreciation	-35	-35	-33	-27	-25
Profit before Tax	87	101	98	96	93
Tax	-29	-33	-33	-32	-30
Net Profit	58	68	65	64	63
Equity Capital	45	45	45	45	45