Latest news with #AnshulSaxena
Mint
5 days ago
- Automotive
- Mint
205% return YTD! Force Motors shares surge nearly 20%, top ₹20,000 mark for first time
Force Motors, the flagship company of the Abhay Firodia Group, saw its shares surge 19.6% in intraday trade on Thursday, July 24, to an all-time high of ₹ 20,500, crossing the ₹ 20,000 mark for the first time and becoming the tenth company whose shares are trading above this level in the Indian stock market. The rally followed the release of the company's June quarter performance, which was announced post-market hours on Wednesday, with the company beating Street estimates on all fronts. The company reported a 52% YoY jump in its consolidated profit to ₹ 176 crore in Q1FY26, compared to ₹ 116 crore in the same period of the last fiscal. Although the company's net profit in the preceding March quarter stood at ₹ 435 crore, it was driven by other income, which came in at ₹ 418 crore. The consolidated revenue from operations during the June quarter rose to ₹ 2,297 crore from ₹ 1,885 crore, marking an improvement of 22%. At the operating level, EBITDA surged 33.3% YoY to ₹ 332 crore, up from ₹ 249 crore in Q1FY25, with margins expanding to 14.4% from 13.2% last year. The company is a fully vertically integrated automobile manufacturer, with expertise in the design, development, and manufacture of a full spectrum of automotive components, aggregates, and vehicles. Its product range includes light commercial vehicles (LCVs), multi-utility vehicles (MUVs), small commercial vehicles (SCVs), sports utility vehicles (SUVs), and agricultural tractors. For the June quarter, the company recorded a healthy increase in vehicle sales (domestic), rising to 2,801 units from 2,465 units in the same period a year ago. These sales comprised small commercial vehicles, light commercial vehicles, and utility vehicles, while it exported 88 units in the same period, which remained flat on a YoY basis. Meanwhile, the company ceased its tractor business a year ago. Further, Force Motors said its board of directors has approved the appointment of Anshul Saxena as part of the company's senior management personnel. The decision was based on the recommendation of the Nomination & Remuneration Committee. Saxena has been designated as Vice President – Corporate Strategy, with the appointment effective from today, July 23. In this role, he will be responsible for leading the company's long-term strategic planning and initiatives. The company's shares have seen an explosive rally so far this year, surging from ₹ 6,538 apiece to the current trading price of ₹ 20,000, a massive gain of 205%. The stock has closed in the green in five of the last seven months (including July), with May marking the highest monthly gain of 42%. In April 2024, the shares crossed the ₹ 10,000 mark for the first time, and it took just over two years to surpass the next ₹ 10,000 milestone, handsomely rewarding its shareholders. Over the past two years, the stock has jumped 1,800%, and over the last five years, it has rallied nearly 2,000%. At the end of June quarter, the promoters hold 61.6% of the company's shares, while foreign portfolio investors and domestic institutional investors own 9.8% and 1.7%, respectively. General shareholders account for 26.9%, according to Trendlyne data.
Mint
5 days ago
- Automotive
- Mint
205% return YTD! Force Motors shares surge nearly 20%, top ₹20,000 mark for first time
Force Motors, the flagship company of the Abhay Firodia Group, saw its shares surge 19.6% in intraday trade on Thursday, July 24, to an all-time high of ₹ 20,500, crossing the ₹ 20,000 mark for the first time and becoming the tenth company whose shares are trading above this level in the Indian stock market. The rally followed the release of the company's June quarter performance, which was announced post-market hours on Wednesday, with the company beating Street estimates on all fronts. The company reported a 52% YoY jump in its consolidated profit to ₹ 176 crore in Q1FY26, compared to ₹ 116 crore in the same period of the last fiscal. Although the company's net profit in the preceding March quarter stood at ₹ 435 crore, it was driven by other income, which came in at ₹ 418 crore. The consolidated revenue from operations during the June quarter rose to ₹ 2,297 crore from ₹ 1,885 crore, marking an improvement of 22%. At the operating level, EBITDA surged 33.3% YoY to ₹ 332 crore, up from ₹ 249 crore in Q1FY25, with margins expanding to 14.4% from 13.2% last year. The company is a fully vertically integrated automobile manufacturer, with expertise in the design, development, and manufacture of a full spectrum of automotive components, aggregates, and vehicles. Its product range includes light commercial vehicles (LCVs), multi-utility vehicles (MUVs), small commercial vehicles (SCVs), sports utility vehicles (SUVs), and agricultural tractors. For the June quarter, the company recorded a healthy increase in vehicle sales (domestic), rising to 2,801 units from 2,465 units in the same period a year ago. These sales comprised small commercial vehicles, light commercial vehicles, and utility vehicles, while it exported 88 units in the same period, which remained flat on a YoY basis. Meanwhile, the company ceased its tractor business a year ago. Further, Force Motors said its board of directors has approved the appointment of Anshul Saxena as part of the company's senior management personnel. The decision was based on the recommendation of the Nomination & Remuneration Committee. Saxena has been designated as Vice President – Corporate Strategy, with the appointment effective from today, July 23. In this role, he will be responsible for leading the company's long-term strategic planning and initiatives. The company's shares have seen an explosive rally so far this year, surging from ₹ 6,538 apiece to the current trading price of ₹ 20,000, a massive gain of 205%. The stock has closed in the green in five of the last seven months (including July), with May marking the highest monthly gain of 42%. In April 2024, the shares crossed the ₹ 10,000 mark for the first time, and it took just over two years to surpass the next ₹ 10,000 milestone, handsomely rewarding its shareholders. Over the past two years, the stock has jumped 1,800%, and over the last five years, it has rallied nearly 2,000%. At the end of June quarter, the promoters hold 61.6% of the company's shares, while foreign portfolio investors and domestic institutional investors own 9.8% and 1.7%, respectively. General shareholders account for 26.9%, according to Trendlyne data. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
5 days ago
- Automotive
- Economic Times
Force Motors shares rally 20% to hit record high after robust Q1 earnings
Shares of Force Motors surged as much as 20% on Thursday to a 52-week high of Rs 20,563 on the BSE after the auto major posted a 52% rise in its net profit for the quarter ended June 2025, reporting a profit of Rs 176.33 crore. ADVERTISEMENT The company's first-quarter results were announced post-market hours on Wednesday. Force Motors reported a 52.3% year-on-year jump in net profit for the June quarter, up from Rs 115.7 crore a year earlier. Revenue from operations grew 21.9% to Rs 2,297 crore, compared to Rs 1,885 crore in the same quarter last year. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33.3% year-on-year to Rs 332 crore, with margins expanding to 14.4% from 13.2% in the prior-year period, reflecting operational efficiency gains amid firm demand. Force Motors' upbeat results come at a time when several auto sector peers are battling input cost pressures and uneven recovery in rural demand. The strong growth in profitability and margins appears to have bolstered investor sentiment, sending the stock to a new record a separate announcement, Force Motors also said its board had approved the appointment of Anshul Saxena as vice president – corporate strategy, effective July 23. The move, based on a recommendation by the company's Nomination & Remuneration Committee, is seen as part of the automaker's broader push to sharpen its long-term strategic focus. ADVERTISEMENT Saxena, who brings more than 19 years of experience, is known for his cross-functional leadership and has held advisory and board roles across several manufacturing firms. ADVERTISEMENT Shares of Force Motors had declined 1.38% on Wednesday, closing at Rs 17,260. The stock is up a modest 5% year-to-date, with gains of 8.3% over the past six months and 3.4% in the last three months. Also read | Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Automotive
- Time of India
Force Motors shares rally 20% to hit record high after robust Q1 earnings
Operating metrics improve Live Events Leadership appointment Force Motors share performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Force Motors surged as much as 20% on Thursday to a 52-week high of Rs 20,563 on the BSE after the auto major posted a 52% rise in its net profit for the quarter ended June 2025, reporting a profit of Rs 176.33 company's first-quarter results were announced post-market hours on Wednesday. Force Motors reported a 52.3% year-on-year jump in net profit for the June quarter, up from Rs 115.7 crore a year earlier. Revenue from operations grew 21.9% to Rs 2,297 crore, compared to Rs 1,885 crore in the same quarter last company's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33.3% year-on-year to Rs 332 crore, with margins expanding to 14.4% from 13.2% in the prior-year period, reflecting operational efficiency gains amid firm Motors' upbeat results come at a time when several auto sector peers are battling input cost pressures and uneven recovery in rural demand. The strong growth in profitability and margins appears to have bolstered investor sentiment, sending the stock to a new record a separate announcement, Force Motors also said its board had approved the appointment of Anshul Saxena as vice president – corporate strategy, effective July 23. The move, based on a recommendation by the company's Nomination & Remuneration Committee, is seen as part of the automaker's broader push to sharpen its long-term strategic who brings more than 19 years of experience, is known for his cross-functional leadership and has held advisory and board roles across several manufacturing of Force Motors had declined 1.38% on Wednesday, closing at Rs 17,260. The stock is up a modest 5% year-to-date, with gains of 8.3% over the past six months and 3.4% in the last three months.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
5 days ago
- Automotive
- Business Upturn
Force Motors shares surge 13% as Q1 net profit jumps 52% YoY; Anshul Saxena appointed VP of strategy
By Aditya Bhagchandani Published on July 24, 2025, 09:39 IST Shares of Force Motors surged over 13% to Rs 19,371 on Wednesday after the company reported a 52.3% year-on-year rise in consolidated net profit at Rs 176.3 crore for Q1FY26, up from Rs 115.7 crore in the year-ago period. The strong earnings were driven by double-digit growth in both revenue and operating margins. Force Motors' revenue from operations grew 21.9% YoY to Rs 2,297 crore, compared to Rs 1,885 crore in Q1FY25. On the operating front, EBITDA stood at Rs 332 crore, rising 33.3% from Rs 249 crore a year earlier. The EBITDA margin expanded to 14.4%, up from 13.2%, reflecting improved operating efficiency and stronger volumes. The stock touched a high of Rs 19,198 during the session, marking a fresh 52-week high. As of the latest update, the company's market capitalization stood at Rs 25,003 crore. The day's trading range was between Rs 17,225 and Rs 19,198. Additionally, the company announced a key leadership appointment. Anshul Saxena has joined Force Motors as Vice President – Corporate Strategy, effective July 23. Backed by over 19 years of cross-functional leadership experience, Saxena is expected to spearhead the company's long-term growth roadmap and strategic partnerships. His appointment was approved by the board based on recommendations from the Nomination & Remuneration Committee. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
