Force Motors Reports Strong Financial Performance in Q2 FY24-25, Receives 'Hold' Rating from MarketsMOJO
Force Motors, a midcap company in the auto-truck industry, has recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Hold'.According to the financials, Force Motors has shown a very positive performance in the second quarter of FY24-25, with a consistent score in the last three months. The company's operating cash flow has been the highest at Rs 1,014.45 crore annually and has shown growth in the past three years. This indicates that the company has been able to generate higher cash revenues from its business operations.
In terms of profitability, the company's Profit Before Tax less Other Income (PBT) for the quarter has grown by 47.35% year on year, reaching Rs 202.91 crore. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) for the quarter has grown by 43.8% year on year, reaching Rs 135.02 crore. The near-term trend for PAT is also very positive.
The company's net sales for the nine-month period have also shown a growth of 22.14% year on year, reaching Rs 5,837.44 crore. This indicates a positive trend in the company's sales performance in the near term. Additionally, the Operating Profit (PBDIT) for the quarter has been the highest at Rs 282.62 crore in the last five quarters, showing a positive trend in the company's operating profit.
Moreover, the company's Operating Profit Margin for the quarter has been the highest at 14.56% in the last five quarters, indicating an improvement in the company's efficiency. The Profit Before Tax less Other Income (PBT) for the quarter has also been the highest at Rs 202.91 crore in the last five quarters, showing a positive trend in the near term.
Overall, Force Motors has shown a strong financial performance in the quarter ending September 2024, with positive trends in key financial indicators. With a 'Hold' stock call by MarketsMOJO, the company's future looks promising in the auto-truck industry.
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