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Force Motors Q3 net profit declines 15% to Rs 23 crore
Commercial vehicles maker Force Motors on Monday reported 14.86 percent decline in standalone net profit at Rs 23.25 crore for the third quarter ended December 31, 2016.
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New Delhi: Commercial vehicles maker Force Motors on Monday reported 14.86 percent decline in standalone net profit at Rs 23.25 crore for the third quarter ended December 31, 2016.
The company had posted standalone net profit of Rs 27.31 crore in the same quarter previous fiscal, Force Motors said in a BSE filing.
Income from operations during the quarter under review stood at Rs 708.77 crore as against Rs 833.51 crore in the year-ago period, down 14.96 per cent, it said.
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