Force Motors catches speed on reporting 3-fold jump in Q2 consolidated net profit

09 Nov 2020 Evaluate

Force Motors is currently trading at Rs. 1071.15, up by 22.25 points or 2.12% from its previous closing of Rs. 1048.90 on the BSE.

The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1085.00 and Rs. 1045.00 respectively. So far 3703 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1502.00 on 21-Jan-2020 and a 52 week low of Rs. 580.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1085.00 and Rs. 1016.00 respectively. The current market cap of the company is Rs. 1418.16 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 4.82% and 33.55% respectively.

Force Motors has reported 2-fold jump in its net profit at Rs 16.28 crore for the quarter ended September 30, 2020 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 ended September 30, 2020 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.

Force Motors Share Price

7243.80 51.80 (0.72%)
28-Mar-2024 16:01 View Price Chart
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