MoneyWorks4Me

Force Motors reports consolidated net loss of Rs 65 crore in Q1

11 Aug 2020 Evaluate

Force Motors has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 63.22 crore for the quarter under review against net profit of Rs 26.97 crore for the same quarter in the previous year. Total income of the company decreased by 76.60% at Rs 191.41 crore for Q1FY21 as compared Rs 817.88 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributable to owners of Rs 65.01 crore for the quarter under review against net profit of Rs 26.15 crore for the same quarter in the previous year. Total income of the company decreased by 76.59% at Rs 191.50 crore for Q1FY21 as compared Rs 817.97 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Tata Motors 440.95
Ashok Leyland 159.00
Force Motors 17350.00
Olectra Greentech 1207.90
SML Mahindra 6824.10
View more..