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Force Motors reports net loss of Rs 64.99 cr in Q1, revenue at Rs 185.4 cr

The company had posted a consolidated net profit of Rs 26.17 crore in the same period last fiscal, Force Motors said in a regulatory filing

Photo: Force Motors website
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"Therefore the results for the quarter ended June 30 are not comparable with the corresponding period," Force Motors said. Photo: Force Motors website

Press Trust of India New Delhi
Force Motors on Monday reported a consolidated net loss of Rs 64.99 crore in the first quarter ended June 30, adversely impacted by the coronavirus pandemic.
 
The company had posted a consolidated net profit of Rs 26.17 crore in the same period last fiscal, Force Motors said in a regulatory filing.

Revenue from operations during the period under review stood at Rs 185.40 crore. The same was at Rs 802.48 crore in the year-ago quarter, it added.

The outbreak of Covid-19 pandemic has already had a very adverse effect on the operations of the company. It has severely impacted the