Net profit of Force Motors rose 43.84% to Rs 135.02 crore in the quarter ended September 2024 as against Rs 93.87 crore during the previous quarter ended September 2023. Sales rose 7.75% to Rs 1941.33 crore in the quarter ended September 2024 as against Rs 1801.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1941.331801.68 8 OPM %14.2612.24 - PBDT280.04213.73 31 PBT211.48146.77 44 NP135.0293.87 44 Powered by Capital Market - Live News

Force Motors will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live News

Force Motors has acquired further 26,81,315 equity shares of Rs. 10/- each aggregating to Rs. 2.68 crore as part of the power delivery agreement with TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy (a SPV set up for setting up ground mounted solar photovoltaic power projects in the state of Maharashtra). Consequent to the above acquisition, the company has completed the acquisition of 12.21% shares constituting 26,87,421 equity shares of Rs 10/- each in TP Surya.Powered by Capital Market - Live News

Force Motors announced that the Annual General Meeting (AGM) of the company will be held on 4 September 2024.Powered by Capital Market - Live News

Force Motors achieved total sales of 2,472 units in month of July 2024 compared to 2,558 units in July 2023, recording a decline of 3.36%. Tractor sales were nil as the company has discontinued its tractor business effective from 31 March 2024. Total sales include domestic sales of 2,441 units (higher by 4.72% YoY basis) and exports of 31 units (lower by 86.34% YoY basis). Powered by Capital Market - Live News