India's Bharat Gears hits near two-month low after sharp drop in quarterly profit

Bharat Gears

05/08/2026 10:19

** Auto parts maker Bharat Gears' BGRS.NS shares fall 5% to 111.53 rupees, their lowest level since June 12 
** Stock extends losses for a third straight session 
** June-qtr profit falls 91% YoY to 1.5 million rupees ($15,755.89), down 97.1% sequentially 
** Revenue from operations rises 20% YoY to 2.16 billion rupees, up 2.5% from the preceding quarter  
** Co's total expenses rose 20.3% from a year earlier
** Stock holds trailing 12-month P/E of 10.81 vs industry median of 23.53 - data compiled by LSEG
** YTD, stock up 1.8% 
     
     
($1 = 95.2025 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))