Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
FORCE MOTORS Announces Quarterly Results (1QFY19); Net Profit Up 36.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Markets will remain closed on 18th October, 2018 on account of Dussehra.

FORCE MOTORS Announces Quarterly Results (1QFY19); Net Profit Up 36.6%
Mon, 30 Jul

FORCE MOTORS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

FORCE MOTORS Quarterly Financials

No. of Mths
Qtr. Ending
QoQ ChangeYoY Change
Net SalesRs m8,45310,4328,905-14.6%5.3%
Other incomeRs m282139115-17.1%-59.2%
TurnoverRs m8,73410,5719,020-14.7%3.3%
ExpensesRs m8,0809,3078,101-13.0%0.3%
Gross profitRs m3731,125804-28.5%115.6%
DepreciationRs m3083393451.6%12.0%
InterestRs m341710-43.1%-72.4%
Profit before taxRs m312908565-37.8%80.9%
TaxRs m13302156-48.4%1124.4%
Profit after taxRs m300606409-32.5%36.6%
Gross profit margin%4.410.89.0
Effective tax rate%
Net profit margin%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.3% on a year-on-year (YoY) basis. The expenses were up by 0.3% YoY during the same period.
  • The company's operating profit increased by 115.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.0% in 1QFY19 as against 4.4% in 1QFY18.
  • Depreciation charges and finance costs increased by 12.0% YoY and 72.4% YoY, respectively.
  • Other income declined by 59.2% YoY during the quarter.
  • Net profit for the quarter increased by 36.6% YoY. Net profit margins during the quarter increased from 3.4% in 1QFY18 to 4.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.0% QoQ during the same period.
  • The company's operating profit declined by 28.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 1QFY19 as against 10.8% in 4QFY18.
  • Net profit for the quarter declined by 32.5% QoQ, while net profit margins declined from 5.7% in 4QFY18 to 4.5% in 1QFY19.

To see how FORCE MOTORS has performed over the last eight quarters, please visit here.

FORCE MOTORS Share Price Performance

Over the last one year, FORCE MOTORS share price has moved up from Rs 4,061.6 to Rs 2,629.0, registering a Loss of Rs 1,432.6 or around 35.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 24,388.4 (up 0.5%). Over the last one year it has moved up from 24,342.8 to 24,388.4, a gain of 46 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 2,629.0, the price to earnings (P/E) ratio of FORCE MOTORS stands at 21.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "FORCE MOTORS Announces Quarterly Results (1QFY19); Net Profit Up 36.6%". Click here!


Related Views on News

FORCE MOTORS Announces Quarterly Results (4QFY18); Net Profit Up 10.4% (Quarterly Result Update)

Jun 11, 2018 | Updated on Jun 11, 2018

For the quarter ended March 2018, FORCE MOTORS has posted a net profit of Rs 606 m (up 10.4% YoY). Sales on the other hand came in at Rs 10 bn (up 8.8% YoY). Read on for a complete analysis of FORCE MOTORS's quarterly results.

Are Firms like Maruti & ONGC Sitting Ducks Against Disruption? (The 5 Minute Wrapup)

May 23, 2017

Are blue chips like Maruti and ONGC safe from the forces of disruption?

More Views on News

Most Popular

Don't Panic in This Falling Market... Do This Instead(The 5 Minute Wrapup)

Oct 5, 2018

Find companies with long term durable moats, which are correcting with the current broader market sell-off.

Taxpayers to pay salaries of CEOs/CIOs of Mutual Funds(The Honest Truth)

Oct 5, 2018

Ajit Dayal on the crisis in the market and in the mutual fund industry.

This Market Crash could be the Biggest Wealth Creating Opportunity Since 2008(Profit Hunter)

Oct 8, 2018

While widespread fear is the friend of a value investor, serving up bargain purchases; personal fear is an investor's biggest enemy.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Are These Deep Corrections a Buying Signal?(Chart Of The Day)

Oct 5, 2018

The correction has bought many good companies to reasonable valuations. Go against the wisdom of crowd and Buy.


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Oct 17, 2018 (Close)


  • Track your investment in FORCE MOTORS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks