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Force Motors - Quaterly Results

29 May 2023 Evaluate
A decent increase of about 69.07% in the turnover to Rs. 14901.50 millions was observed for the quarter ended March 2023. The turnover stood at Rs. 8813.80 millions during the similar quarter previous year.The Total Profit for the quarter ended March 2023 of Rs. 1491.60 millions grew from Rs.-399.80 millionsOperating profit surged to 1586.30 millions from the corresponding previous quarter of 75.00 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 14901.50 8813.80 69.07 50285.90 32400.40 55.20 50285.90 32400.40 55.20
Other Income 380.00 81.80 364.55 620.30 518.80 19.56 620.30 518.80 19.56
PBIDT 1586.30 75.00 2015.07 3914.50 1186.30 229.98 3914.50 1186.30 229.98
Interest 179.80 134.00 34.18 684.00 410.40 66.67 684.00 410.40 66.67
PBDT 3489.70 -59.00 -6014.75 5313.70 775.90 584.84 5313.70 775.90 584.84
Depreciation 627.00 546.70 14.69 2407.40 1909.40 26.08 2407.40 1909.40 26.08
PBT 2862.70 -605.70 -572.63 2906.30 -1133.50 -356.40 2906.30 -1133.50 -356.40
TAX 1371.10 -205.90 -765.91 1385.80 -387.50 -457.63 1385.80 -387.50 -457.63
Deferred Tax 866.50 -205.80 -521.04 864.90 -387.40 -323.26 864.90 -387.40 -323.26
PAT 1491.60 -399.80 -473.09 1520.50 -746.00 -303.82 1520.50 -746.00 -303.82
Equity 131.80 131.80 0.00 131.80 131.80 0.00 131.80 131.80 0.00
PBIDTM(%) 10.65 0.85 1151.05 7.78 3.66 112.61 7.78 3.66 112.61
Peers
Company Name CMP
Tata Motors 440.95
Ashok Leyland 159.00
Force Motors 17350.00
Olectra Greentech 1207.90
SML Mahindra 6824.10
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