Force Motors Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Force Motors Ltd reported a 2.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.3%.
- Its expenses for the quarter were up by -0.0% QoQ and 11.8% YoY.
- The net profit decreased 14.6% QoQ and increased 35.0% YoY.
- The earnings per share (EPS) of Force Motors Ltd stood at 87.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1904.38 | 1949.90 | 1695.66 | -2.3% | 12.3% |
Total Expenses | 1732.42 | 1732.70 | 1549.59 | -0.0% | 11.8% |
Profit Before Tax | 171.96 | 217.20 | 146.07 | -20.8% | 17.7% |
Tax | 61.81 | 76.43 | 51.23 | -19.1% | 20.7% |
Profit After Tax | 115.34 | 135.05 | 85.44 | -14.6% | 35.0% |
Earnings Per Share | 87.50 | 102.50 | 64.80 | -14.6% | 35.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Force Motors Ltd is an Indian automotive manufacturer, primarily engaged in the production and distribution of a range of vehicles, including light commercial vehicles, multi-utility vehicles, and agricultural tractors. Known for its robust engineering capabilities, the company has a significant presence in the domestic automotive sector. Its product portfolio is diverse, catering to various segments of the market. As of the latest updates, there are no specific major developments publicly available beyond the typical operational updates and production announcements common in the automotive industry. Force Motors continues to maintain its reputation for reliable and durable vehicles, serving a broad customer base across India. The company operates within the highly competitive automotive industry, which frequently sees fluctuations based on economic conditions, consumer demand, and production capabilities.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Force Motors Ltd reported a total income of ₹1904.38 crores. This represents a decrease of 2.3% compared to the previous quarter (Q2FY25), where the total income was ₹1949.90 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is a notable increase of 12.3%, up from ₹1695.66 crores. This year-over-year growth in total income underscores an improvement in revenue generation over the span of one year, despite the quarter-over-quarter decline observed. The company’s revenue figures reflect its ability to maintain a steady performance in the market, notwithstanding the slight dip in sequential quarterly income.
Profitability
Force Motors Ltd's profitability in Q3FY25 shows a mixed trend. The profit before tax (PBT) for this quarter was ₹171.96 crores, marking a substantial decrease of 20.8% from the ₹217.20 crores recorded in Q2FY25. Despite this quarter-over-quarter decline, the PBT increased by 17.7% year-over-year, up from ₹146.07 crores in Q3FY24. The tax expense for Q3FY25 was ₹61.81 crores, a reduction of 19.1% from the previous quarter and a year-over-year increase of 20.7%. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹115.34 crores, down 14.6% from the prior quarter but up 35.0% from the same quarter last year. Earnings per share (EPS) mirrored PAT trends, with a similar quarter-over-quarter decline and year-over-year growth.
Operating Metrics
Analyzing the operating metrics for Force Motors Ltd, total expenses in Q3FY25 were ₹1732.42 crores, which remained almost flat compared to Q2FY25's ₹1732.70 crores, indicating stable operational cost management over the quarter. Compared to Q3FY24, however, there was an 11.8% increase in expenses, aligning with the growth in income over the same period. The stability in quarter-over-quarter expenses, despite a drop in income, suggests a consistent approach to managing operational expenditures. The year-over-year increase in expenses is proportional to the growth in revenue, suggesting scale-related cost dynamics in operation. These metrics provide insight into the company's operational efficiency and cost management strategies over the periods in question.
