Force Motors accelerates 6 per cent post Q1FY19 numbers

Force Motors reported its results for the quarter ended June 30, 2018.

The standalone revenue for the quarter came in at Rs. 890.48 crore, registering 5.3 per cent yoy increase.

EBITDA for the quarter rose by 115.6 per cent yoy to Rs. 80.4 crore with a corresponding margin expansion of 462 bps. EBITDA margin for the quarter stood at 9 per cent.

The PAT for the quarter came in at Rs. 40.93 crore, yoy increase of 36.6 per cent.

Force Motors is engaged in the manufacturing of light commercial vehicles, utility vehicles, and engines. It focuses on design, development and manufacture of a range of automotive components, aggregates and vehicles.

With the announcement of positive numbers, the share climbed nearly 6 per cent and made an intraday high of Rs. 2734.90 on the BSE.