Bharat Forge Posts Q1 Loss as German Restructuring Provision Hits
Bharat Forge reported a consolidated net loss of Rs 89.89 crore for the June quarter, driven mainly by a Rs 330.42 crore restructuring provision related to its German unit Bharat Forge CDP GmbH amid market challenges. Consolidated revenue rose to Rs 4,639.94 crore. The board approved raising up to Rs 2,500 crore subject to shareholder approval and outlined an ~Rs 1,800 crore investment over 12–18 months.