Force Motors Ltd Share Price – NSE  /  BSE

Automobile, Small Cap

Force Motors will hold a meeting of the Board of Directors of the Company on 30 July 2024.

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The vehicle maker’s domestic sales jumped 12.66% to 2,465 units in June 2024 as against 2,188 units sold in the same period a year ago.

Export sales tumbled 80% to 88 units in June 2024 as compared with 440 units sold in June 2023.

Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.

The company’s consolidated net profit fell 4.31% to Rs 140.29 crore on 34.95% increase in revenue from operations to Rs 2011.21 crore in Q4 FY24 over Q4 FY23.

Shares of Force Motors shed 0.94% to Rs 9,100 on the BSE.

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As compared with April 2024, the domestic sales rose 6.34% from 2,268 units in May 2024.

Export sales slipped 63.34% to 180 units in May 2024 as compared with 491 units sold in May 2023.

Total sales fell marginally on YoY basis to 2,592 units in May 2024 as against 2,609 units sold in May 2023.

Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.

The company’s consolidated net profit fell 4.31% to Rs 140.29 crore on 34.95% increase in revenue from operations to Rs 2011.21 crore in Q4 FY24 over Q4 FY23.

The scrip rose 0.96% to currently trade at Rs 8,462.95 on the BSE.

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Net profit of Force Motors declined 4.32% to Rs 140.26 crore in the quarter ended March 2024 as against Rs 146.59 crore during the previous quarter ended March 2023. Sales rose 34.96% to Rs 2011.21 crore in the quarter ended March 2024 as against Rs 1490.25 crore during the previous quarter ended March 2023.

For the full year,net profit rose 190.40% to Rs 388.09 crore in the year ended March 2024 as against Rs 133.64 crore during the previous year ended March 2023. Sales rose 39.04% to Rs 6992.13 crore in the year ended March 2024 as against Rs 5028.98 crore during the previous year ended March 2023.

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