Bharat Forge registers net worth Rs 206.96 cr in FY-06

Mumbai, May 23 (UNI) Bharat Forge has posted a net profit of Rs 53.01 crore for the quarter ended March 31, as compared to Rs 48.36 crore for the corresponding period in FY-05, an increase of 9.5 per cent.

Announcing the results, the company said its total income has increased from Rs 363.38 crore in Q4 FY-05 to Rs 452.83 crore for Q4 FY-06.

The Company has posted a net profit of Rs 206.96 crore for the year ended March 31, as compared to Rs 161.63 crore for FY-05. Its total income has increased from Rs 1,226.46 crore in FY-05 to Rs 1,631.04 crore for FY-06.

The company's board has recommended a dividend of Rs three per equity share (150 per cent), subject to approval of shareholders.

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