Bharat Forge Shares Fall The Most In A Year On Q3 Profit Miss
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Shares of Bharat Forge Ltd. declined the most in at least a year after its third-quarter profit fell sharply and missed analysts’ estimates.The company’s consolidated net profit fell 96% to Rs 78.7 crore in the quarter ended December, according to its exchange filing. That compares with the Rs 222 crore consensus estimate of analysts tracked by Bloomberg.The standalone profit fell 14% to Rs 289 crore, while revenue rose 22% to Rs 1,9…
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