Force Motors (500033) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue from operations was Rs6,99,213 lakh and net profit was Rs38,821 lakh; the Board recommended a Rs20/share dividend, subject to member approval.

• Standalone FY24 revenue was Rs6,99,165 lakh and net profit was Rs40,168 lakh; both standalone and consolidated audits received unmodified opinions.

Financial highlights

• Consolidated FY24 revenue from operations was Rs6,99,213 lakh versus Rs5,02,898 lakh in FY23; net profit was Rs38,821 lakh versus Rs13,374 lakh.

• Consolidated Q4 FY24 revenue was Rs2,01,121 lakh versus Rs1,49,025 lakh in Q4 FY23; net profit was Rs14,029 lakh versus Rs14,662 lakh.

• Standalone FY24 revenue was Rs6,99,165 lakh versus Rs5,02,859 lakh; net profit was Rs40,168 lakh versus Rs13,858 lakh.

• FY24 consolidated profit before tax and exceptional items was Rs60,507 lakh versus Rs6,410 lakh in FY23; FY23 included a Rs20,832 lakh exceptional item, while FY24 reported none.

Segment performance

• Operations were reported as a single segment.