Force Motors Ltd: Q1FY18 Results
DSIJ Intelligence / 20 Jul 2017
The company’s standalone revenue declined 11.85% QoQ to Rs 845.27 crore for Q1 of FY2017-18.
Force Motors Ltd reported its financial results for the quarter ended June 30, 2017.
The company’s standalone revenue declined 11.85% QoQ to Rs 845.27 crore for Q1 of FY2017-18.
Its EBITDA during the quarter slumped by 46% to Rs. 68.07 crore QoQ from Rs 126 crore for the previous quarter.
The company's net profit for the quarter also sunk 45% QoQ to Rs 29.96 crore and the EBITDA margin contracted by 500bps from 13.1% to 8.1%.
Force Motors Ltd is a vertically integrated automobile company. The company introduced brands to India such as Tempo, Matador, Minidor and Traveller. Its product range includes small commercial vehicles (SCV), light commercial vehicles (LCV), multi-utility vehicles (MUV), special cross country vehicles and agricultural tractors.
The company's stock opened at Rs 4297 and closed at Rs 4106.65 with an intra-day high of Rs 4337.
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