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Force Motors - Quaterly Results

09 Nov 2023 Evaluate
A decent increase of about 42.53% in the sales to Rs. 18015.70 millions was observed for the quarter ended September 2023. The sales figure stood at Rs. 12639.70 millions during the year-ago period.Net Profit for the quarter ended September 2023 zoomed to 392.04% from Rs. 199.70 millions to Rs. 982.60  millions.Operating profit for the quarter ended September 2023 rose to 2339.10 millions as compared to 1112.00 millions of corresponding quarter ended September 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202309 202209 % Var 202309 202209 % Var 202303 202203 % Var
Sales 18015.70 12639.70 42.53 32890.10 22346.80 47.18 50285.90 32400.40 55.20
Other Income 90.60 121.10 -25.19 205.30 188.80 8.74 620.30 518.80 19.56
PBIDT 2339.10 1112.00 110.35 4258.70 1626.60 161.82 3914.50 1186.30 229.98
Interest 158.40 196.30 -19.31 337.40 334.30 0.93 684.00 410.40 66.67
PBDT 2180.70 915.70 138.15 3921.30 1292.30 203.44 5313.70 775.90 584.84
Depreciation 669.60 609.80 9.81 1304.20 1178.20 10.69 2407.40 1909.40 26.08
PBT 1511.10 305.90 393.98 2617.10 114.10 2193.69 2906.30 -1133.50 -356.40
TAX 528.50 106.20 397.65 914.80 39.80 2198.49 1385.80 -387.50 -457.63
Deferred Tax 269.90 76.80 251.43 460.10 10.40 4324.04 864.90 -387.40 -323.26
PAT 982.60 199.70 392.04 1702.30 74.30 2191.12 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(%) 12.98 8.80 47.58 12.95 7.28 77.89 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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