Bharat Forge, the 44-year-old flagship company of the $2.4 billion Kalyani Group, has reported a 56.2 per cent jump in net profit for the July-September quarter to Rs 106.40 crore on the back of impressive exports and strong performance of non-automotive business. Baba Kalyani, CMD of Bharat Forge, says it was mainly due to growth in exports to north America and Europe.
