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Force Motors reports 3-fold jump in Q2 consolidated net profit

09 Nov 2020 Evaluate

Force Motors has reported results for the second quarter ended September 30, 2020.

The company has reported 2-fold jump in its net profit at Rs 16.28 crore for the quarter under review as compared to net profit at Rs 7.53 crore for the same quarter in the previous year. However, total income of the company decreased by 8.94% at Rs 703.22 crore for Q2FY21 as compared Rs 772.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 3-fold jump in its net profit attributable to owners at Rs 14.03 crore for the quarter under review as compared to net profit at Rs 4.19 crore for the same quarter in the previous year. However, total income of the company decreased by 8.94% at Rs 703.31 crore for Q2FY21 as compared Rs 772.37 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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