India's Force Motors hits near 9-month high after Q4 profit rises

Force Motors

28/04/2025 07:24

** Shares of Force Motors FORC.NS rise as much as 4.8% to 9,601 rupees, highest since July 30

** Co on Friday reported 27.5% Y/Y rise in Q4 consol profit before exceptional items while rev from ops rose 17.1% Y/Y

** Co recorded a one-off income of 3.95 bln rupees ($46.3 mln) from government incentives

** Declares dividend of 40 rupees/shr for FY 2024-25

** Stock is witnessing its most active trading session since Oct. 31 with more than 353,000 shares change hands, 4.9x of 30-day avg

** Stock up 41.2% YTD

($1 = 85.2810 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))