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Force Motors Q2 net profit falls by 5pct

Auto News - Published on Mon, 29 Oct 2018

Image Source: SteelGuru
Force Motors reported a 4.9 % decline in its standalone net profit at INR 39.69 crore in the second quarter ending September 2018. Its Q2 net profit falls 5% at INR 39.6 crore The company had posted INR 41.74 crore net profit in Q2 FY'18. Revenue from operations for July-September period came lower at INR 881.41 crore, down 1.3 % from INR 892.99 crore in the period year ago. EBTIDA also declined 1.54 % at INR 87.82 crore during the period under review as compared to INR 89.19 crore in the same period year ago.

However, net profit for H1 ended September 30 witnessed 12.4 % jump at INR 80.62 crore as compared to INR 71.70 in H1 FY'18.

Source :

Posted By : Joykumar Irom on Mon, 29 Oct 2018
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