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Last Updated : Oct 17, 2019 04:55 PM IST | Source: PTI

Force Motors Q2 net down 89% at Rs 4.21 cr

The company had posted a consolidated net profit of Rs 39.76 crore in the same quarter a year ago, Force Motors said in a regulatory filing.

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Force Motors on October 17 reported a 89.41 per cent decline in consolidated net profit at Rs 4.21 crore in the second quarter ended September 30.

The company had posted a consolidated net profit of Rs 39.76 crore in the same quarter a year ago, Force Motors said in a regulatory filing.

The company's revenue from operations stood at Rs 755.15 crore in the quarter under review as against Rs 878.93 crore in the corresponding period last fiscal, a decline of 14 per cent, it added.

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Force Motors said its net profit was at Rs 30.38 crore in the first half of the ongoing fiscal as against Rs 80.75 crore in the year-ago period, down 62.38 per cent.

Revenue from operations in April-September period this fiscal stood at Rs 1,557.63 crore as against Rs 1,768.08 crore last year, down 11.9 per cent.

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First Published on Oct 17, 2019 04:50 pm
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