Force Motors’ report 38-fold rise in Q4 net

21 May 2012 Evaluate

Force Motors has reported results for fourth quarter and year ended March 31, 2012

The company has posted a rise of 3714.81% in its net profit at Rs 798.44 crore for the quarter ended March 31, 2012 as compared to Rs 20.93 crore for the same quarter in the previous year. Total income has increased by 23.21% at Rs 611.42 crore for quarter under review as compared Rs 496.23 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, the company has posted a rise of 1306.46% in its net profit at Rs 824.33 crore for the year ended March 31, 2012 as compared to Rs 58.61 crore for the same period in the previous year. Total income has increased by 33.24% at Rs 2085.00 crore for year under review as compared to Rs 1564.79 crore for the period ended March 31, 2011.

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