Ashapura Minechem Ltd, Jain Irrigation Systems Ltd, Capri Global Capital Ltd and Poonawalla Fincorp Ltd are among the other gainers in the BSE's 'A' group today, 30 October 2024.Force Motors Ltd surged 20.00% to Rs 7654 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 18286 shares were traded on the counter so far as against the average daily volumes of 3251 shares in the past one month. Ashapura Minechem Ltd soared 15.47% to Rs 250. The stock was the second biggest gainer in 'A' group. On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 57518 shares in the past one month. Jain Irrigation Systems Ltd spiked 12.49% to Rs 60.26. The stock was the third biggest gainer in 'A' group. On the BSE, 7.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month. Capri Global Capital Ltd jumped 12.39% to Rs 207.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 13572 shares in the past one month. Poonawalla Fincorp Ltd exploded 10.92% to Rs 376.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month. Powered by Capital Market - Live

Revenue from operations grew 7.75% to Rs 1,941.33 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 211.48 crore in Q2 FY25, registering a growth of 44.09% from Rs 146.77 crore recorded in Q2 FY24. Total expenses rose 4.41% year on year to Rs 1,732.70 crore in Q2 FY25. Employee benefit expense stood at Rs 129.76 crore (up 4.58% YoY) while Finance costs was at Rs 5.43 crore (down 65.72% YoY) during the period under review. On half year basis the company's consolidated net profit surged 54.36% to Rs 250.72 crore in H1 FY25 as against Rs 162.43 crore posted in H1 FY24. The company's revenue from operation increased 16.33% YoY to Rs 3,826.23 crore in H1 FY25. Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles. Powered by Capital Market - Live

Net profit of Force Motors rose 43.84% to Rs 135.02 crore in the quarter ended September 2024 as against Rs 93.87 crore during the previous quarter ended September 2023. Sales rose 7.75% to Rs 1941.33 crore in the quarter ended September 2024 as against Rs 1801.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1941.331801.68 8 OPM %14.2612.24 - PBDT280.04213.73 31 PBT211.48146.77 44 NP135.0293.87 44 Powered by Capital Market - Live

Force Motors will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

Force Motors has acquired further 26,81,315 equity shares of Rs. 10/- each aggregating to Rs. 2.68 crore as part of the power delivery agreement with TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy (a SPV set up for setting up ground mounted solar photovoltaic power projects in the state of Maharashtra). Consequent to the above acquisition, the company has completed the acquisition of 12.21% shares constituting 26,87,421 equity shares of Rs 10/- each in TP Surya.Powered by Capital Market - Live

Force Motors achieved total sales of 2,472 units in month of July 2024 compared to 2,558 units in July 2023, recording a decline of 3.36%. Tractor sales were nil as the company has discontinued its tractor business effective from 31 March 2024. Total sales include domestic sales of 2,441 units (higher by 4.72% YoY basis) and exports of 31 units (lower by 86.34% YoY basis). Powered by Capital Market - Live

Net profit of Force Motors rose 68.73% to Rs 115.73 crore in the quarter ended June 2024 as against Rs 68.59 crore during the previous quarter ended June 2023. Sales rose 26.71% to Rs 1884.90 crore in the quarter ended June 2024 as against Rs 1487.55 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1884.901487.55 27 OPM %13.0111.91 - PBDT251.11170.71 47 PBT181.82107.25 70 NP115.7368.59 69 Powered by Capital Market - Live