Force Motors Reports 65% Year-On-Year Growth
Published On Dec 01, 2015
Force Motors, a prominent marque in the LCV segment, reported a standalone net profit of Rs. 42.48 crores. The company has witnessed a booming growth of 65.35% on a year-on-year basis.
The brand's revenue stood at Rs. 763.24 crores, giving a year-on-year growth of 27.45%. The standalone core operating profit witnessed a boost of 79.75% when compared to the corresponding year, coming to Rs. 64.64 crores. On a half year account, the company’s standalone net profit came to Rs. 78.24 crores, rising by 73.55%. Shares of this company ended at Rs. 3270, having sunk by Rs. 15 or 0.46% from its previous closing of Rs. 3285 on the BSE. The stock opened at Rs. 3285, meeting its high and low figures of Rs. 3320 and Rs. 3261.5 respectively. A total of 57597 shares were traded on the counter.
Currently, the brand resides under a market cap of Rs. 4309.86 crores. The scrip met its 52 week high value of Rs. 3785 on October 20 this year and its 52 week low of Rs. 955.25 on December 17 in 2014. Its last one week high and low came to Rs. 3396 and Rs. 3260 respectively. The shares of this brand were distributed among promoters, who held 60.12 %, while institutions and non-institutions held 5.61 % and 34.27 % respectively.