Automobile stock engaged in the business of the development and manufacturing of automotive components and vehicles hit a 20 percent upper circuit in the day’s trade upon declaring robust Q2FY25 results with a 44 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 9,976 Crores, the shares of Force Motors Limited hit a 20 percent upper circuit in the day’s trade at Rs. 7,654 per equity share, from its previous day’s close price of Rs. 6,378.35.
Q2FY25 Results
Its Revenue from operations grew by 8 percent YoY from Rs. 1,801.68 Crores in Q2FY24 to Rs. 1,941.33 Crores in Q2FY25 and it grew by 3 percent QoQ from Rs. 1,884.9 Crores in Q1FY25 to Rs. 1,941.33 Crores in Q2FY25.
Its Net Profit grew by 44 percent YoY from Rs. 93.89 Crores in Q2FY24 to Rs. 135.05 Crores in Q2FY25 and it grew by 17 percent QoQ from Rs. 115.73 Crores in Q1FY25 to Rs. 135.05 Crores in Q2FY25. Its Net Profit Margin increased from 5.18 percent in Q2FY24 to 6.92 percent in Q2FY25.
October sales Update
Force Motors Limited’s domestic sales for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) grew by 3.25 percent, the exports declined by 71 percent and the domestic+export sales declined by 7.20 percent.
About the Company
Force Motors Limited is engaged in the business of the development and manufacturing of automotive components and vehicles. Its range of products includes Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), Small Commercial Vehicles (SCV), Special Vehicles (SV), and Agricultural Tractors.
It has a global presence with a long-term reputation across the world with exports to various countries in the Middle East, Asia, Latin America, Africa, and many more.
Force Motors Limited produces engines and axles for famous well-known companies like Mercedes Benz India, BMW-India, and many others. It has also partnered with global automotive names like Daimler, BMW, Rolls-Royce, ZF, Bosch, MAN, and many others.
Written by: Bharath K.S
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