Force Motors Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 18, 2014 at 09:01 am
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Force Motors Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations (net) of INR 4,794.783 million compared to INR 4,717.595 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 239.789 million compared to profit from operations before other income, finance cost and exceptional items of INR 13.304 million a year ago. Loss from ordinary activities before tax was INR 167.363 million compared to profit from ordinary activities before tax of INR 85.907 million a year ago. Net loss for the period was INR 83.699 million compared to net profit for the period of INR 81.275 million a year ago. Basic and diluted LPS before & after extraordinary items (not annualised) was INR 6.35 per share compared to basic and diluted EPS before & after extraordinary items (not annualised) of INR 6.17 per share a year ago.
For the nine months, the company reported total income from operations (net) of INR 14,555.561 million compared to INR 14,454.430 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 123.728 million compared to profit from operations before other income, finance cost and exceptional items of INR 158.116 million a year ago. Profit from ordinary activities before tax was INR 35.511 million compared to INR 438.034 million a year ago. Net profit for the period was INR 328.330 million compared to INR 376.065 million a year ago. Basic and diluted EPS before & after extraordinary items (not annualised) was INR 24.92 per share compared to INR 28.54 per share a year ago.
Force Motors Limited is an India-based vertically integrated automobile company. The Company is engaged in the design, development, and manufacture of automotive components, aggregates and vehicles. The Company's range of products include light commercial vehicles (LCV), multi-utility vehicles (MUV), small commercial vehicles (SCV), special utility vehicles (SUV) and agricultural tractors. Its Agricultural Vehicles include Balwan 400 Super, Orchard Mini, Sanman 5000, and Abhiman 4X4. Its Commercial vehicles include citiline, ambulances, school buses, passenger carriers, and goods carriers. It also has vehicles under the name Gurkha. It provides solutions for transport-both goods, as well as passenger-rugged, transport solutions for rural or urban, long distance or local, over roads or tracks. The Company exports its range of products to various countries in the Middle East, Asia, Latin America, and Africa. The Company's subsidiary is Tempo Finance (West) Private Limited.