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Force Motors reports 89% fall in Q2 consolidated net profit

18 Oct 2019 Evaluate

Force Motors has reported results for second quarter ended September 30, 2019.

The company has reported 81.03% fall in its net profit at Rs 7.53 crore for the quarter under review as compared to Rs 39.69 crore for the same quarter in the previous year. Total income of the company decreased by 13.75% at Rs 772.28 crore for Q2FY20 as compared Rs 895.36 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 89.41% in its net profit at Rs 4.21 crore for the quarter under review as compared to Rs 39.76 crore for the same quarter in the previous year. Total income of the company decreased by 13.75% at Rs 772.37 crore for Q2FY20 as compared Rs 895.45 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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