Force Motors' Q1 Financial Results Show Strong Growth, Receives 'Buy' Call from MarketsMOJO

Despite the challenges faced by the auto-truck industry, Force Motors has managed to deliver a strong financial performance in the quarter ending June 2024. The company's financial results for the quarter have been declared on July 30, 2024, and have received a 'Buy' call from MarketsMOJO.

The company's Profit Before Tax (PBT) has shown a significant growth of 74.20% year on year, reaching Rs 166.85 crore. This is a clear indication of the company's efficient management and strong financial position. The Profit After Tax (PAT) has also seen a growth of 68.7% year on year, reaching Rs 115.73 crore. This positive trend in PBT and PAT is expected to continue in the near future.

Another positive aspect of Force Motors' financial performance is its Debtors Turnover Ratio, which has been consistently improving over the last five half-yearly periods. The company has been able to settle its debtors faster, which is a good sign for its financial health.

In terms of sales, Force Motors has shown a growth of 26.71% year on year, with net sales reaching Rs 1,884.90 crore. This positive sales trend is expected to continue in the near term.

However, the company's Non-Operating Income has seen a significant increase in the last five quarters, reaching Rs 14.97 crore. While this may seem like a positive aspect, it is important to note that this income is from non-business activities and may not be sustainable in the long run.

Overall, Force Motors has delivered a strong financial performance in the quarter ending June 2024, with positive trends in PBT, PAT, Debtors Turnover Ratio, and sales. Investors can consider this as a good opportunity to invest in the company's midcap stock.