Force Motors Ltd Share Price – NSE /  BSE

Automobile, Small Cap

Ashapura Minechem Ltd, Jain Irrigation Systems Ltd, Capri Global Capital Ltd and Poonawalla Fincorp Ltd are among the other gainers in the BSE's 'A' group today, 30 October 2024.

Force Motors Ltd surged 20.00% to Rs 7654 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18286 shares were traded on the counter so far as against the average daily volumes of 3251 shares in the past one month.

Ashapura Minechem Ltd soared 15.47% to Rs 250. The stock was the second biggest gainer in 'A' group. On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 57518 shares in the past one month.

Jain Irrigation Systems Ltd spiked 12.49% to Rs 60.26. The stock was the third biggest gainer in 'A' group. On the BSE, 7.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month.

Capri Global Capital Ltd jumped 12.39% to Rs 207.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 13572 shares in the past one month.

Poonawalla Fincorp Ltd exploded 10.92% to Rs 376.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month.

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Revenue from operations grew 7.75% to Rs 1,941.33 crore in the quarter ended 30 September 2024.

Profit before tax stood at Rs 211.48 crore in Q2 FY25, registering a growth of 44.09% from Rs 146.77 crore recorded in Q2 FY24.

Total expenses rose 4.41% year on year to Rs 1,732.70 crore in Q2 FY25. Employee benefit expense stood at Rs 129.76 crore (up 4.58% YoY) while Finance costs was at Rs 5.43 crore (down 65.72% YoY) during the period under review.

On half year basis the company’s consolidated net profit surged 54.36% to Rs 250.72 crore in H1 FY25 as against Rs 162.43 crore posted in H1 FY24. The company’s revenue from operation increased 16.33% YoY to Rs 3,826.23 crore in H1 FY25.

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.

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Net profit of Force Motors rose 43.84% to Rs 135.02 crore in the quarter ended September 2024 as against Rs 93.87 crore during the previous quarter ended September 2023. Sales rose 7.75% to Rs 1941.33 crore in the quarter ended September 2024 as against Rs 1801.68 crore during the previous quarter ended September 2023.

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Force Motors will hold a meeting of the Board of Directors of the Company on 29 October 2024.

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