Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 34.96% in the past year Substantial increase in net sales/revenue by 18.89%.
- Income over the Year and quarter: There has been decline in other income over the past year which is -48.9% Marginal increase in other income during this quarter, up by 432.97%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Force Motors Limited. Profit dropped by -4.32% Year to YearForce Motors Limited’s profitability increased by 64.20% in this quarter.
- EPS over the Year and quarter: EPS declined by -4.31% Year to Year.EPS increased by 64.22%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1490.25 Cr | Rs. 1691.69 Cr | Rs. 2011.21 Cr | + 18.89% | + 34.96% |
| Expenses | Rs. 1369.52 Cr | Rs. 1467.2 Cr | Rs. 1732.57 Cr | + 18.09% | + 26.51% |
| Operating Profit | Rs. 120.73 Cr | Rs. 224.49 Cr | Rs. 278.64 Cr | + 24.12% | + 130.8% |
| OPM % | 8.1 % | 13.27 % | 13.85 % | + 0.58% | + 5.75% |
| Other Income | Rs. 35.38 Cr | Rs. -5.43 Cr | Rs. 18.08 Cr | + 432.97% | -48.9% |
| Interest | Rs. 17.98 Cr | Rs. 14.11 Cr | Rs. 14.29 Cr | + 1.28% | -20.52% |
| Depreciation | Rs. 62.7 Cr | Rs. 68.28 Cr | Rs. 68.05 Cr | -0.34% | + 8.53% |
| Profit before tax | Rs. 75.43 Cr | Rs. 136.67 Cr | Rs. 214.38 Cr | + 56.86% | + 184.21% |
| Tax % | 47.89 % | 35.07 % | 35.13 % | + 0.06% | -12.76% |
| Net Profit | Rs. 146.62 Cr | Rs. 85.44 Cr | Rs. 140.29 Cr | + 64.2% | -4.32% |
| EPS in Rs | Rs. 111.25 | Rs. 64.82 | Rs. 106.45 | + 64.22% | -4.31% |
Today, we’re looking at Force Motors Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 34.96%. However, it did see a marginal increase of 18.89% from the previous quarter.Expenses ticked up slightly by 18.09% quarter-on-quarter, aligning with the annual rise of 26.51%. Operating profit, while up 130.8% compared to last year, faced a quarter-on-quarter increase of 24.12%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.75%, but an expansion of 0.58% sequentially. Other income rose by 432.97% compared to the last quarter,despite an annual decline of -48.9%. Interest expenses surged remarkably by 1.28% from the previous quarter, yet the year-over-year decrease remains at a moderate -20.52%. Depreciation costs fell by -0.34% quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.53%. Profit before tax grew annually by 184.21% but saw an increase from the preceding quarter by 56.86%.
Tax expenses as a percentage of profits decreased slightly by -12.76% compared to last year, with a more notable quarter-on-quarter increase of 0.06%. Net profit fell by -4.32% year-on-yearbut experienced a 64.2% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.31% but a quarterly rise of 64.22%. In summary, Force Motors Limited’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. 1490.25 Cr | Rs. 1691.69 Cr | Rs. 2011.21 Cr | + 18.89% | + 34.96% |
| Expenses | Rs. 1369.52 Cr | Rs. 1467.2 Cr | Rs. 1732.57 Cr | + 18.09% | + 26.51% |
| Operating Profit | Rs. 120.73 Cr | Rs. 224.49 Cr | Rs. 278.64 Cr | + 24.12% | + 130.8% |
| Net Profit | Rs. 146.62 Cr | Rs. 85.44 Cr | Rs. 140.29 Cr | + 64.2% | -4.32% |
| EPS in Rs | Rs. 111.25 | Rs. 64.82 | Rs. 106.45 | + 64.22% | -4.31% |
In reviewing Force Motors Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 18.89% from the previous quarter. Expenses rose by 26.51% compared to the previous year, with a 18.09% increase quarter-on-quarter. Operating Profit surged by 130.8% annually, and saw a 24.12% increase from the last quarter.
Net Profit showed yearly decrease of -4.32%, and experienced a 64.2% increase from the previous quarter. Earnings Per Share (EPS) fell by -4.31% annually, however rose by 64.22% compared to the last quarter. In essence, while Force Motors Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
