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Force Motors Q4 net profit tumbles
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    force motors Q 4 24 net profits tumble
    Force Motors Q4 net profit tumbles

    (20 second reading) Force Motors ‘s net profit dipped 4.3 percent YoY to Rs 140.3 crore but revenue climbed 35 percent to Rs 2,011.2 crore.
    In the fourth quarter, the operating level EBITDA surged to Rs 278.7 crore from Rs 120.8 crore in the corresponding period of the previous fiscal. The EBITDA margin came in at 14 percent, up 600 basis points on-year.
    The board of directors has proposed a dividend of Rs 20 per equity share of Rs 10 each for the financial year ended March 31, 2024.
    Today, the stock was trading at Rs 9,200, down 4.3 percent from the previous close on the NSE. The stock has surged a massive 636 percent in the past year.

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