Second-quarter and first-half profit jump as revenue rises
FORCEMOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.6 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Force Motors reported unaudited second-quarter operating revenue of Rs 2,081.27 crore, up 7.2% year on year, and consolidated net profit of Rs 350.70 crore versus Rs 135.05 crore. For the first half, revenue rose 14.4% to Rs 4,378.65 crore and profit to Rs 527.06 crore from Rs 250.78 crore. First-half operating cash flow was Rs 269.52 crore. A net Rs 85.46 crore tax accounting benefit aided profit.
Strong profit growth and cash flow help sentiment, but second-quarter revenue fell 9.4% from the prior quarter and tax benefits aided profit.