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FORCE MOTORS
Quarterly Results Analysis [Dec2023]

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FORCE MOTORS Quarterly Results

Consolidated Dec2023
UnAudited
Sep2023
UnAudited
Jun2023
UnAudited
Mar2023
Audited
Dec2022
UnAudited
Sep2022
UnAudited
Jun2022
UnAudited
Mar2022
Audited
Revenues ₹1,692 Cr ₹1,802 Cr ₹1,488 Cr ₹1,490 Cr ₹1,304 Cr ₹1,264 Cr ₹971 Cr ₹881 Cr
Expenses ₹1,467 Cr ₹1,577 Cr ₹1,307 Cr ₹1,370 Cr ₹1,239 Cr ₹1,165 Cr ₹926 Cr ₹882 Cr
Operating Income ₹224 Cr ₹225 Cr ₹181 Cr ₹121 Cr ₹65 Cr ₹99 Cr ₹45 Cr ₹-1 Cr
Other Income ₹4 Cr ₹9 Cr ₹11 Cr ₹38 Cr ₹5 Cr ₹12 Cr ₹7 Cr ₹8 Cr
Interest ₹14 Cr ₹16 Cr ₹18 Cr ₹18 Cr ₹17 Cr ₹20 Cr ₹14 Cr ₹13 Cr
Depreciation ₹68 Cr ₹67 Cr ₹63 Cr ₹63 Cr ₹60 Cr ₹61 Cr ₹57 Cr ₹55 Cr
Profit Before Tax ₹146 Cr ₹151 Cr ₹111 Cr ₹286 Cr ₹-7 Cr ₹31 Cr ₹-19 Cr ₹-60 Cr
Profit After Tax ₹95 Cr ₹98 Cr ₹72 Cr ₹149 Cr ₹-4 Cr ₹20 Cr ₹-12 Cr ₹-40 Cr
EPS ₹64.80 ₹71.22 ₹52.02 ₹111.22 ₹-11.83 ₹14.61 ₹-12.60 ₹-32.47
Industry Peers & Returns1W1M1Y
FORCE MOTORS 6% 39.8% 646.4%
TATA MOTORS 3.9% 3.7% 110.5%
ASHOK LEYLAND 4.9% 6.5% 30.3%
OLECTRA GREENTECH 3.5% 2.3% 161.2%
SML ISUZU 8.7% 23.2% 131.8%

FORCE MOTORS Quarterly Revenues

Revenues
Q-o-Q

-6.10 %

Y-o-Y

29.74 %

Quarters Revenues % Change
Dec2023 ₹1,692 Cr
-6.10
Sep2023 ₹1,802 Cr
21.12
Jun2023 ₹1,488 Cr
-0.18
Mar2023 ₹1,490 Cr
14.30
Dec2022 ₹1,304 Cr
3.15
Sep2022 ₹1,264 Cr
30.21
Jun2022 ₹971 Cr
10.13
Mar2022 ₹881 Cr -

FORCE MOTORS Quarterly Operating Profit

Operating Profit
Q-o-Q

-0.21 %

Y-o-Y

244.79 %

Quarters Operating Profit % Change
Dec2023 ₹224 Cr
-0.21
Sep2023 ₹225 Cr
24.56
Jun2023 ₹181 Cr
49.59
Mar2023 ₹121 Cr
85.42
Dec2022 ₹65 Cr
-34.36
Sep2022 ₹99 Cr
121.51
Jun2022 ₹45 Cr
Positive
Mar2022 ₹-1 Cr -
Operating Margins
Q-o-Q

6.24 %

Y-o-Y

165.93 %

Quarters Operating Margin% % Change
Dec2023 13.27%
6.24
Sep2023 12.49%
2.88
Jun2023 12.14%
49.88
Mar2023 8.1%
62.32
Dec2022 4.99%
-36.43
Sep2022 7.85%
70.28
Jun2022 4.61%
Positive
Mar2022 -0.07% -

FORCE MOTORS Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

-3.56 %

Y-o-Y

Positive

Quarters Profit After Tax % Change
Dec2023 ₹95 Cr
-3.56
Sep2023 ₹98 Cr
36.49
Jun2023 ₹72 Cr
-51.72
Mar2023 ₹149 Cr
Positive
Dec2022 ₹-4 Cr
Negative
Sep2022 ₹20 Cr
Positive
Jun2022 ₹-12 Cr
Negative
Mar2022 ₹-40 Cr -
PAT Margins
Q-o-Q

2.75 %

Y-o-Y

Positive

Quarters PAT Margin(%) % Change
Dec2023 5.61 %
2.75
Sep2023 5.46 %
12.81
Jun2023 4.84 %
-51.65
Mar2023 10.01 %
Positive
Dec2022 -0.34 %
Negative
Sep2022 1.59 %
Positive
Jun2022 -1.28 %
Negative
Mar2022 -4.53 % -

FORCE MOTORS Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

-9.01 %

Y-o-Y

Positive

Quarters EPS % Change
Dec2023 ₹64.8
-9.01
Sep2023 ₹71.22
36.91
Jun2023 ₹52.02
-53.23
Mar2023 ₹111.22
Positive
Dec2022 ₹-11.83
Negative
Sep2022 ₹14.61
Positive
Jun2022 ₹-12.6
Negative
Mar2022 ₹-32.47 -

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