Force Motors Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 16,916.9 million compared to INR 13,038.6 million a year ago. Revenue was INR 16,956.6 million compared to INR 13,090.1 million a year ago. Net income was INR 854 million compared to net loss of INR 155.9 million a year ago. Basic earnings per share from continuing operations was INR 64.82 compared to basic loss per share from continuing operations of INR 11.83 a year ago.
For the nine months, sales was INR 49,809.2 million compared to INR 35,387.3 million a year ago. Revenue was INR 50,054.2 million compared to INR 35,627.6 million a year ago. Net income was INR 2,478.3 million compared to net loss of INR 129.5 million a year ago. Basic earnings per share from continuing operations was INR 188.09 compared to basic loss per share from continuing operations of INR 9.83 a year ago.