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Force Motors declares dividend of ₹20 per share as Q4 revenue rises 35%
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Force Motors saw a 4.3% dip in net profit at ₹140.3 crore for the fourth quarter that ended March 31, 2024. Shares of Force Motors Ltd ended at ₹9,584.60, down by ₹290.80, or 2.94%, on the BSE.
Auto maker Force Motors Ltd on Friday (April 26) reported a 4.3% year-on-year (YoY) dip in net profit at ₹140.3 crore for the fourth quarter that ended March 31, 2024.
In the corresponding quarter, Force Motors posted a net profit of ₹146.6 crore, the company said in a regulatory filing. The company’s revenue from operations increased 35% to ₹2,011.2 crore against ₹1,490.3 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA stood at ₹278.7 crore in the fourth quarter of this fiscal over ₹120.8 crore in the corresponding period in the previous fiscal.
The EBITDA margin stood at 13.9% in the reporting quarter compared to 8.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The board of directors has recommended a dividend of ₹20 (200%) per equity share of ₹10 each, for the financial year ended March 31, 2024.
The results came after the close of the market hours. Shares of Force Motors Ltd ended at ₹9,584.60, down by ₹290.80, or 2.94%, on the BSE.
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