FORCEMOT · Automobile and Auto Components
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,802 cr | ₹1,692 cr | ₹2,011 cr | ₹1,885 cr | ₹1,941 cr | ₹1,889 cr | ₹2,356 cr | ₹2,297 cr | ₹2,081 cr | ₹2,129 cr | ₹2,550 cr | ₹2,440 cr |
| YoY | — | — | — | +27% | +8% | +12% | +17% | +22% | +7% | +13% | +8% | +6% |
| EBITDA margin | 12.3% | 12.7% | 13.9% | 13.0% | 14.3% | 12.3% | 14.0% | 14.1% | 17.4% | 17.6% | 16.2% | 13.4% |
| Other income, % of PBT | 6% | 3% | 8% | 8% | 4% | 11% | 63% | 9% | 8% | 44% | 10% | 15% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | −11% | 25% | 26% | 26% |
| Net profit | ₹94.0 cr | ₹85.0 cr | ₹140 cr | ₹116 cr | ₹135 cr | ₹115 cr | ₹435 cr | ₹176 cr | ₹351 cr | ₹406 cr | ₹279 cr | ₹217 cr |
| YoY | — | — | — | +68% | +44% | +35% | +211% | +52% | +160% | +253% | −36% | +23% |
| Core profit YoY | — | — | — | +74% | +46% | +18% | +28% | +51% | +44% | +92% | +36% | −1% |
| EPS | ₹71.24 | ₹64.81 | ₹106.45 | ₹87.81 | ₹102.47 | ₹87.51 | ₹329.92 | ₹133.82 | ₹266.14 | ₹308.21 | ₹211.38 | ₹164.36 |
| Flags | · | · | · | ✓ | ✓ | 1 | 2 | ✓ | 2 | 3 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Force Motors Ltd. reported revenue of ₹1,802 cr (— on the year) and net profit of ₹94.0 cr (— on the year) for July to September 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.