Force Motors Ltd.

NSE: FORCEMOT | BSE: 500033 | ISIN: INE451A01017 | Industry: Cars & Utility Vehicles
| Strong Performer
9989.2500 -186.75 (-1.84%)
BSE May 06, 2025 15:31 PM
Volume: 5,871
 

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Force Motors Ltd.
23 Jan 2017
9989.25
-1.84%
HDFC Securities
Force Motor?s 3QFY17 was adversely impacted by the government?s demonetisation initiative. Net revenues at Rs 6.2bn were dragged down 14% YoY by a 13% degrowth in automotive and 17% fall in sub-contracting (auto comp). EBITDA margin at 4.6% (Rs 289mn) was hit by deleverage, as seen in higher employee expenses ( 475bps YoY). APAT fell 15% YoY to Rs 233mn.
Force Motors Ltd. is trading above all available SMAs
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