the group has made assessment of liquidity recoverable values of its financial and nonfinancial assetsnew delhi bharat forge on wednesday reported a consoldiated loss of 1273 crore for the quarter ended june 30 the company had posted a consolidated profit of rs 1719 crore in apriljune period of the previous fiscal bharat forge said in a filing to the bse the companys income during apriljune period declined to rs 11992 crore from rs 23727 crore in the yearago period the spread of covid19 has severely impacted business in many countries including india and there has been severe disruption to regular business operations due to lockdown and other emergency measures bharat forge said advt the group has made assessment of liquidity recoverable values of its financial and nonfinancial assets including carrying value of its subsidiaries and has concluded that there are no material adjustments required in the interim financial results however the impact assessment of covid19 is a continuous process given the uncertainties associated with its nature and duration it said the impact of global health pandemic might be different from that estimated as at the date of approval of these financial results the group will continue to closely monitor any material changes to future economic conditions the filing said manufacturing overseas economically is key to become global suppliers vc sehgal pti published on aug 12 2020 at 1036 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bharat forge q1 loss bharat forge loss auto parts bharat forge financials bharat forge earnings homenewsauto componentsbharat forge posts rs 1273 cr loss in aprjun