Q4FY18 profit of Force Motors rises by 10 per cent

Force Motors reported its results for the quarter ended March 31, 2018.

The company’s standalone revenue for the quarter came in at Rs. 1,043.23 crore, registering 8.8 per cent yoy increase.

EBITDA for the quarter rose by 22.4 per cent yoy to Rs. 112.5 crore with a corresponding margin expansion of 120 bps. EBITDA margin for the quarter stood at 10.8 per cent.

The PAT for the quarter came in at Rs. 60.6 crore, yoy increase of 10 per cent.

Looking at the full year numbers, we see that revenue jumped by 1 per cent to reach Rs. 3,531.01 crore while EBITDA rose by 3 per cent to Rs. 275.03 crore. The company reported net profit of Rs.146.95 crore, down 18 per cent yoy.

The company's board of directors has recommended a final dividend of Rs. 10 per equity share of the face value of Rs 10 each.

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.

On Tuesday, the stock opened at Rs. 2,814 and touched an intraday high and low of Rs. 2,944.40 and Rs. 2,800.10, respectively and finally closed at Rs. 2,865.60 on the BSE.