Force Motors Q2 FY11 Results : Net profit rises 65.53%

by khalid on 29/10/2010 · 0 comments

Force Motors Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 65.53% to Rs 13.16 crore in comparison to the Rs 7.95 crore of Q2 (ending Sep 09) of previous year(FY10). Force Motors Limited is an India-based automobile company. The Company focuses on design, development and manufacture of automotive components, aggregates and vehicles. The Company’s product range includes three wheelers, multi utility and cross country vehicles, tractors and heavy commercial vehicles.

The bank informed the share market(BSE) that the net sales increased 57.15% to Rs 354.33 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 225.47 crore.

Share’s Data :-
BSE Code : 500033
Mkt. Cap : Rs 1,228.66 Crores
Force Motors Ltd. share’s CMP is Rs 930.80 on 29th Oct 2010.

Source :- BelltheBull

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