MoneyWorks4Me

Force Motors reports 87% rise in Q3 net profit

13 Feb 2019 Evaluate

Force Motors has reported results for third quarter ended December 31, 2018.

The company has reported 86.62% rise in its net profit at Rs 27.34 crore for the quarter under review as compared to Rs 14.65 crore for the same quarter in the previous year. Total income of the company increased by 11.52% at Rs 846.69 crore for Q3FY19 as compared Rs 759.21 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 419.55
Ashok Leyland 149.30
Force Motors 17750.00
Olectra Greentech 1062.85
SML Mahindra 6100.00
View more..