The Board of Directors of Force Motors Limited adopted and approved the Unaudited Financial Results for the Quarter ended 30th September, 2016.
The Company continued to show good performance during Q2 FY 2016-17. The gross turnover registered for the Quarter is Rs. 958 Cr as compared to Rs. 856 Cr during Q2 FY 2015-16 – a growth of 12%.
The overall profit before tax amounted to Rs. 68 Cr as compared to Rs. 59 Cr during Q2 FY 2015-16 showing a percentage increase of almost 14%.
The EBITDA for Q2 FY 2016-17 has gone up from Rs. 82 Cr to Rs. 94 Cr, a growth of 15%.
The Trax and Traveller vehicles contributed a major share in the growth of the company business. Component business continues to grow during the Quarter.
The outlook for the rest of the financial year is positive as economy is expected to improve.