Force Motors reports lacklustre Q2FY19

Force Motors standalone revenue for the second quarter of FY19 came in at Rs. 881.41 crore, registering 1.3 per cent yoy decline.

EBITDA for the quarter fell by 7.4 per cent yoy to Rs. 73.9 crore with a corresponding margin contraction of 55 bps. EBITDA margin for the quarter stood at 8.4 per cent.

The PAT for the quarter came in at Rs. 39.69 crore, yoy decline of 4.9 per cent. The company’s other income jumped almost 48 per cent to Rs. 13.95 crore from Rs. 9.42 crore in corresponding quarter of last year.

However, after reporting this quarterly numbers the stock of Force Motors turned volatile and dipped near to its day's low, but later it recovered and at 14.42 hours, the stock was trading at Rs. 1,691.50 apiece.

Pune-headquartered Force Motors is a commercial vehicle producer having a fully vertically integrated model, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.