Bharat Forge Posts Q1 Loss on ₹358 Crore Exceptional Item

Bharat Forge is a big company that told everyone how it did over the last three months.

During this time, it had to pay for some one-time things that cost a lot of money.

These one-time costs added up to ₹358 crore.

Because of these big costs, the whole company ended up losing money, even though it sold more things than before.

Overall, the company lost ₹90 crore, while last year it made a profit of ₹284 crore.

The company's sales actually grew by almost 19 percent.

One part of the business, called standalone, still made a profit of ₹321.3 crore, just a little less than last year.

The company's leaders also decided they want to raise up to ₹2,500 crore to help the business.

After the news, people who own shares in the company saw the share price drop a little.

Still, the company's shares are worth much more now than they were at the start of the year.