Bharat Forge’s consolidated net profit fell 18% to ₹175 crore for the June 2024 quarter, down from ₹214 crore a year ago. Total income rose to ₹4,158 crore from ₹3,941 crore. The company plans to raise up to ₹2,000 crore by issuing securities. Despite strong performance in defense and oil & gas sectors, weak CV demand in Europe impacted results. The company expects improvement in operational performance over the next 24-36 months.
