Bharat Forge Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Bharat Forge has discussed and approved the total income of ₹46,641.52 Cr for the quarter and half-year ended September 30, 2024, driven by revenue from operations of ₹45,847.62 Cr. Profit before tax stood at ₹8,726.95 Cr, with net profit of ₹6,305.86 Cr. The Board also made significant management changes, appointing Mr. Krishnan Iyer as President and COO of the Closed Die Forging Division, and Mr. Srinivasu Malladi as Vice President of HR. Additionally, in-principle approvals for equity investments totaling ₹11,217 Cr in subsidiary entities were granted, reflecting strategic growth initiatives.