Force Motors Q1 Results: Net profit rises 68.7% to ₹115.7 crore, shares up 9%

Following the announcement, shares of Force Motors were trading 9% higher at ₹9,558.9 on the NSE. It gained 7.9% to ₹9,454.5 on the BSE.

The revenue from operations stood at ₹1,884.9 crore in Q1 FY25, up 26.7% year-on-year (YoY) from ₹1,487.5 crore in the corresponding period last year.

The EBITDA (earnings before interest, taxes, depreciation, and amortisation) was up 38% to ₹249.3 crore in the latest June quarter, as against ₹180.6 crore a year ago. The Margin also rose to 13.2% YoY.

The automaker's board approved the reappointment of Abhaykumar Navalmal Firodia as the Managing Director (MD), who will be designated as the company's 'Chairman' effective September 20.

According to an exchange filing, Prasan Abhaykumar Firodia has been re-appointed as the company's MD, effective November 6.

Following Nikhil Deshpande's resignation as the company secretary and compliance officer, Rohan Sampat will take his place from Wednesday, July 31.

Year-to-date, the stock has gained 115%, while it has gained 279.7% in the past year.