Bharat Forge on Monday reported a 48 per cent decline in its consolidated net profit to Rs 141 crore for the second quarter that ended September 30, 2022. The company had posted a net profit of Rs 270 crore in the July-September period of last year. Revenue from operations rose to Rs 3,076 crore in the period under review from Rs 2,386 crore in the September quarter last year, Bharat Forge said in a regulatory filing. The performance of the European operations has been adversely impacted mainly by lower than anticipated sales volumes for the aluminium forging business. The new greenfield aluminium forging facility in North America is still in a ramp-up phase and operating at utilisation lev
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