Shares of Force Motors Ltd gained 4% on 6 May after the company announced strong April sales.

In its regulatory filing, the company said that sales of its utility and small commercial vehicles had surged by almost 36% year-on-year to 2,268 units from 1,662 units sold by the company in the same month the year before.

In the same month of the previous fiscal year, the company’s export sales saw an increase of over twofold, rising from 166 to 356 units. The data indicates that this led to an increase in the company’s total sales of over 46% (exports included). 

The fourth quarter of the company’s fiscal year saw a 35% growth in revenue to Rs 2,011.2 crore but a nearly 4% decline in net profit to Rs 140.3 crore. At the operational level, EBITDA increased significantly from Rs 120.8 crore at the same time in the previous fiscal year to Rs 278.7 crore. It was reported that the EBITDA margin was 14%, up 600 basis points from the previous year.

From design and development through production, Force Motors is an automobile manufacturer with extensive experience in all phases of the process. They have a large inventory of vehicles, which includes Agricultural Tractors, Light Commercial Vehicles (LCVs), Small Commercial Vehicles (SCVs), and Sports Utility Vehicles (SUVs).

The share price of Force Motor has surged by an incredible 607% in the last year. 

At 1:12 pm, the shares of Force Motors were trading 1.43% higher at Rs 9,638 on NSE.