Signals, Powered By EquityPandit
Force Motors posted their Standalone quarterly financial report for the July-September quarter of the current fiscal year with a Net Profit of Rs. 39.69 crore, down 4.91% from Rs. 41.74 crores of the corresponding quarter of the previous fiscal.
Net Sales of Force Motors during the quarter under review stood at Rs 881.41 crores, declining 1.3% as against Rs. 892.99 crores in the July-September quarter of 2017 in September 2018 from.
EBITDA for the quarter of September 2018 stood at Rs. 87.82 crores, down by 1.54% from Rs. 89.19 crore in the second quarter of the last year. EBITDA margin for the Q2FY19 was reported at 8.4%.
Force Motors’s gross profit margin contracted 200bps Y.o.Y due to the impacts of higher input costs. Force Motors EPS decreased to Rs. 30.12 in September 2018 from Rs. 31.68 in September 2017.
