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Oct 31, 2012, 05.37 PM IST
The world's second largest forging company Bharat Forge's net profit declined marginally to Rs 103 crore in the July-September quarter of FY13 from Rs 106 crore in a year ago period.
Net sales too fell slightly to Rs 852 crore from Rs 881.5 crore during the same period. Bharat Forge has earned an exceptional gain of Rs 10.5 crore for the quarter. The company saw slowdown in Europe and North America markets in Q2. "China business performance was poor in Q2 and domestic market growth was slow in H1," the company said in an interview with CNBC-TV18. The stock fell 1 percent to Rs 270.70 on the Bombay Stock Exchange.
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