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Force Motors turns black in Q3

12 Feb 2024 Evaluate

Force Motors has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported net profit of Rs 94.74 crore for the third quarter ended December 31, 2023 as compared to net loss of Rs 4.54 crore for the same quarter in the previous year. Total income of the company increased by 29.54% at Rs 1,695.53 crore for Q3FY24 as compared Rs 1,308.91 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported net profit of Rs 85.44 crore for Q3FY24 as compared to net loss of Rs 15.57 crore for the same quarter in the previous year. Total income of the company increased by 29.54% at Rs 1,695.66 crore for Q3FY24 as compared Rs 1,309.01 crore for corresponding quarter of the 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
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