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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 26.71 % in the past year, decrease in net sales/revenue by -6.28 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 86.89 %. Marginal decrease of -17.2% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for FORCE MOTORS LTD. Notable increase of 68.73 % in net profit Year to Year, FORCE MOTORS LTD’s profitability dropped by -17.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 68.74 % Year to Year. EPS decreased by -17.51 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1487.55 Cr | Rs. 2011.21 Cr | Rs. 1884.9 Cr | -6.28 % | + 26.71 % |
| Expenses | Rs. 1306.95 Cr | Rs. 1732.57 Cr | Rs. 1635.74 Cr | -5.59 % | + 25.16 % |
| Operating Profit | Rs. 180.6 Cr | Rs. 278.64 Cr | Rs. 249.16 Cr | -10.58 % | + 37.96 % |
| OPM % | 12.14 % | 13.85 % | 13.22 % | -0.63 % | + 1.08 % |
| Other Income | Rs. 8.01 Cr | Rs. 18.08 Cr | Rs. 14.97 Cr | -17.2 % | + 86.89 % |
| Interest | Rs. 17.9 Cr | Rs. 14.29 Cr | Rs. 9.06 Cr | -36.6 % | -49.39 % |
| Depreciation | Rs. 63.46 Cr | Rs. 68.05 Cr | Rs. 69.29 Cr | + 1.82 % | + 9.19 % |
| Profit before tax | Rs. 107.25 Cr | Rs. 214.38 Cr | Rs. 185.78 Cr | -13.34 % | + 73.22 % |
| Tax % | 34.92 % | 35.13 % | 35.57 % | + 0.44 % | + 0.65 % |
| Net Profit | Rs. 68.59 Cr | Rs. 140.29 Cr | Rs. 115.73 Cr | -17.51 % | + 68.73 % |
| EPS in Rs | Rs. 52.04 | Rs. 106.45 | Rs. 87.81 | -17.51 % | + 68.74 % |
Today, we’re looking at FORCE MOTORS LTD’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 26.71 %. However, it did see a marginal slip of -6.28 % from the previous quarter. Expenses decreased slightly by -5.59 % quarter-on-quarter, aligning with the annual rise of 25.16 %. Operating profit, while up 37.96 % compared to last year, faced a quarter-on-quarter dip of -10.58 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.08 %, but a shrinkage of -0.63 % sequentially. Other income fell by -17.2 % compared to the last quarter, despite an annual growth of 86.89 %. Interest expenses dropped significantly by -36.6 % from the previous quarter, yet the year-over-year decrease remains at a moderate -49.39 %. Depreciation costs climbed by 1.82 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.19 %. Profit before tax grew annually by 73.22 % but saw a reduction from the preceding quarter by -13.34 %.
Tax expenses as a percentage of profits increased slightly by 0.65 % compared to last year, with a more notable quarter-on-quarter increase of 0.44 %. Net profit rose by 68.73 % year-on-year but witnessed a -17.51 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 68.74 % but a quarterly fall of -17.51 %. In summary, FORCE MOTORS LTD’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1487.55 Cr | Rs. 2011.21 Cr | Rs. 1884.9 Cr | -6.28 % | + 26.71 % |
| Expenses | Rs. 1306.95 Cr | Rs. 1732.57 Cr | Rs. 1635.74 Cr | -5.59 % | + 25.16 % |
| Operating Profit | Rs. 180.6 Cr | Rs. 278.64 Cr | Rs. 249.16 Cr | -10.58 % | + 37.96 % |
| Net Profit | Rs. 68.59 Cr | Rs. 140.29 Cr | Rs. 115.73 Cr | -17.51 % | + 68.73 % |
| EPS in Rs | Rs. 52.04 | Rs. 106.45 | Rs. 87.81 | -17.51 % | + 68.74 % |
In reviewing FORCE MOTORS LTD’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.71 % year-on-year growth, although there was a slight dip of -6.28 % from the previous quarter. Expenses rose by 25.16 % compared to the previous year, with a decrease of -5.59 % quarter-on-quarter. Operating Profit surged by 37.96 % annually, and saw a -10.58 % decrease from the last quarter.
Net Profit showed yearly increase of 68.73 %, and experienced a -17.51 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 68.74 % annually, however dipped by -17.51 % compared to the last quarter. In essence, while FORCE MOTORS LTD exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
