Force Motors zooms ahead

Force Motors is currently the top gainer on the BSE; the stock opened almost 14% higher at Rs.7250 and rose further to an intraday high at Rs.7570, up 19%. Its 20% UC for the day stands at Rs.7654.

The market has given its Q2FY25 earnings a big thumbs up. The company posted a consolidated revenue from operations at Rs.1941 crore, up 8% (YoY) on which its EBITDA came in at Rs.290 crore, up 24% and Net Profit was at Rs.135 crore, up 44%.

What truly helped the performance was the luxury  segment – higher engine sales to BMW and Mercedes helped mitigate the 19% drop in sales of Force’s own vehicles.

The company’s H1FY25 performance has been good – consolidated revenue from operations rose 16% at Rs.3826 crore and net profit was up by a good 55% at Rs.251 crore. The HIFY25 net profit is already 65% of its FY24 full year net profit of Rs.388 crore.