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Force Motors reports 5% fall in Q2 net profit

25 Oct 2018 Evaluate

Force Motors has reported results for second quarter ended September 30, 2018.

The company has reported 4.91% fall in its net profit at Rs 39.69 crore for the quarter under review as compared to Rs 41.74 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.78% at Rs 895.36 crore for Q2FY19 as compared Rs 902.41 crore for the corresponding quarter previous year.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Peers
Company Name CMP
Tata Motors 422.55
Ashok Leyland 148.00
Force Motors 17551.00
Olectra Greentech 1056.60
SML Mahindra 6034.05
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