There was a sharp increase in realisation, which surged by 22% year-on-year and was up 9% quarter-on-quarter.
However, volumes slipped by 12% year-on-year and declined by 6% quarter-on-quarter.
Despite the fall in volumes, revenue increased.
Net profit for the quarter stood at ₹
135 crore. The same metric, during the base quarter, stood at ₹94 crore. On a year-on-year basis, Force Motors net profit rose by 44%.
Revenue for the quarter stood at ₹1,941 crore. The topline figure was 8% higher, compared to ₹1,802 crore figure in the same quarter last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter rose 25% to ₹282 crore, compared to ₹225 crore in the same quarter a year ago.
EBITDA margin expanded year-on-year to 14.5% from 12.5% last year.
Shares of Force Motors Ltd. are currently trading 20% higher at ₹7,654. The stock has more than doubled in value so far in 2024, surging 108%. Over the last 12 months, the stock is up 126%.
The stock is currently down 25% from its recent high of ₹10277.85, which it had surged to in April this year.
First Published: Oct 30, 2024 11:00 AM IST
