 "Force Motors gains on strong Q2 results")
Force Motors is trading higher by 4% at Rs 3,613 on the BSE after the company reported a strong 65% year on year (YoY) jump in its net profit at Rs 42.48 crore for the second quarter ended September 30, 2015 (Q2). The company had profit of Rs 25.69 crore in a year ago quarter.
Net sales of the company rose 27.7% YoY at Rs 756 crore as against Rs 592 crore during the same period last fiscal, Force Motors said in a filing to the BSE.
For the six months (April-September) of current financial year 2015-16, the company has posted net profit growth of 74% at Rs 78.24 crore. Net sales increased by 23% at Rs 1,390 crore over the previous year quarter.
The Pune-based firm sells a range of vehicles, including small commercial vehicles, multi-utility vehicles (MUVs), light commercial vehicles, sports utility vehicles (SUVs) and agricultural tractors.
The stock hit a high of Rs 3,739 and has seen around 223,000 shares changed hands on the counter on the BSE till 10:10 am.
Net sales of the company rose 27.7% YoY at Rs 756 crore as against Rs 592 crore during the same period last fiscal, Force Motors said in a filing to the BSE.
For the six months (April-September) of current financial year 2015-16, the company has posted net profit growth of 74% at Rs 78.24 crore. Net sales increased by 23% at Rs 1,390 crore over the previous year quarter.
The Pune-based firm sells a range of vehicles, including small commercial vehicles, multi-utility vehicles (MUVs), light commercial vehicles, sports utility vehicles (SUVs) and agricultural tractors.
The stock hit a high of Rs 3,739 and has seen around 223,000 shares changed hands on the counter on the BSE till 10:10 am.
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