Additionally, Bharat Forge had to make provisions for impairment in the value of investments in BF Infrastructure and Tevva Motors. The company also announced a voluntary retirement scheme in January. While net profit saw a decline, consolidated revenues rose by 6% to INR 4,106 crores, and EBITDA increased by 23% to INR 760 crores.
In terms of new business, the group secured orders worth INR 980 crores across sectors including defense, ferrous and aluminum castings, and the core forging business.
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