Force Motors today reported a 2.98% decline in its net profit for the year ended March 31, 2011, at Rs 58.62 crore.
The company had posted a net profit of Rs 60.42 crore in the previous fiscal, Force Motors said in a filing to the Bombay Stock Exchange.
The net sales during 2010-11, however, increased by 54.93% to Rs 1,480.45 crore from Rs 955.55 crore in FY'10, it added.
The board of the company recommended a dividend of 50%, which is Rs 5 per equity share of Rs 10 each, the filing said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app