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Bharat Forge's Consolidated Net Profit Declines in Fiscal Q4; Shares Up 5%

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-- Bharat Forge's (NSE:BHARATFORG, BOM:500493) consolidated net profit declined to 2.33 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.83 billion rupees a year ago.

Earnings per share contracted to 4.86 rupees from 5.92 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.

Revenue from operations, however, increased to 20.3 billion rupees from 17.0 billion rupees a year ago.

The company's board recommended a final dividend of 6.50 rupees per equity share of the face value of 2 rupees each for the financial year ended March 31.

Bharat Forge's shares were up nearly 5% in recent trade.

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