Force Motors Reports A Sharp Rise In Net Profit Of Rs 115.73 Crore In First Quarter Of Financial Year 2025
Modified On Aug 08, 2024 01:21 PM
Force Motors revealed the consolidated unaudited financial data for the first quarter of the current financial year, which ended on June 30, 2024. Let’s explore the Force Motors Q1 FY25 results.
Key Highlights
- Pune-based commercial vehicle manufacturer, Force Motors, has made available the unaudited consolidated business data for the first quarter of the current financial year 2025.
- Compared to Rs 1487.55 crore in Q1 FY24, the company's overall operational income for the first quarter this year was Rs 1884.9 crore.
- In Q1 FY25, the net profit after tax was Rs 115.73 crore, compared to Rs 68.59 crore in Q1 FY24.
Force Motors offers a wide range of products, including small commercial vehicles (SCVs), multi-utility vehicles (MUVs), light commercial vehicles (LCVs), and special vehicles (off-roaders/recreation vehicles and military vehicles), with the vision to provide affordable commercial transport for the masses by harnessing the best available technology.
Force Motors, a Pune-based commercial vehicle manufacturer, released the consolidated business data (unaudited) for the first quarter of the financial year 2025. According to this data, the company registered a total income of Rs 1884.9 crore from operations in this quarter compared to Rs 1487.55 crore in Q1 FY24 (first quarter of the financial year 2024).
With Rs 181.82 crore net profit before tax in the last quarter this year, Force Motors witnessed a sharp rise after comparing it with the previous net profits before tax, which stood at Rs 107.25 crore in Q1 FY24. Hence, the net profit after tax was Rs 115.73 crore in Q1 FY25 as opposed to Rs 68.59 crore net profit after tax in Q1 FY24.
Related Link: Mahindra Stands First In LCV Segment With Volume Market Share Of 50.9 Percent In Q1 FY25
Details Of Standalone Financial Data Of Force Motors
In terms of standalone financial performance, Force Motors gained a total revenue of Rs 1884.78 crore from operations in the first quarter of the financial year 2025 compared to Rs 1487.44 crore revenue from operations in the same quarter of the previous financial year.
The company observed a profit of Rs 185.66 crore before tax in Q1 FY25 in comparison to a profit of Rs 110.60 crore before tax in Q1 FY24. Regarding the standalone profit after tax, the brand experienced a profit of Rs 119.59 crore in the first quarter of the current financial year compared to a profit of Rs 71.97 crore in Q1 FY24.
This development coincides with the earlier announcement of the company's top management that they aim to sustain the company's outstanding performance from FY22 and FY23 for a minimum of two additional years (FY24 and FY25), supported by an overall business growth of over 40 percent.
What We Think
Many commercial vehicle OEMs like Force Motors faced difficulties during the COVID-19 pandemic and lockdowns. The commercial vehicle industry, particularly school buses, employee transportation, and tourism, was severely damaged. But Force Motors has recovered well from these setbacks. The company's revenue has increased significantly since the last quarter of FY20-23.