Force Motors Reports 51% Profit Rise and Proposes 500% Dividend
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Data Extracted via Frism DocuLens
- Force Motors Limited delivered a net profit of ₹1.21 bn, up 51% YoY, lifting EPS to ₹919.56.
- Revenue grew 12% to ₹9.06 bn, while cash & cash equivalents jumped 64% to ₹82.3 bn and total equity rose 35% to ₹4,19.7 bn.
- The board proposes a ₹50 per share dividend (500%), subject to AGM approval.
- Completed acquisition of Veera Tannaries Private Ltd (VTPL) for ₹16,196 lakhs, adding capacity but bringing integration risk.
- New ELV scrappage rules and labour‑code liabilities create cost pressure, yet the shift to the new tax regime could boost future margins.
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