Key Takeaways from the Share Surge

• Revenue from operations is ₹1,941.33 crore, up 7.8% YoY from ₹1,801.68 crore in Q2 FY23.
• Profit before tax is ₹211.48 crore, marking a 44.1% increase YoY from ₹146.77 crore.
• Net Profit is ₹135.05 crore, up 43.9% from ₹93.89 crore in Q2 FY23, demonstrating strong profitability growth.

For Q2 FY24, Force Motors recorded a revenue from operations of ₹1,941.33 crore, marking a 7.8% increase from ₹1,801.68 crore in Q2 FY23. Total income, which includes other income, stood at ₹1,949.90 crore, up 7.7% YoY from ₹1,810.74 crore in the same period last year.

Despite rising operational costs, Force Motors managed its expenses efficiently, keeping total expenses at ₹1,732.70 crore, a 4.4% increase YoY from ₹1,659.52 crore in Q2 FY23. This cost control contributed to an improved profit before tax of ₹211.48 crore, a notable 44.1% increase YoY from ₹146.77 crore in the same quarter last year.

The company's net profit after tax came in at ₹135.05 crore, reflecting an impressive 43.9% growth YoY compared to ₹93.89 crore in Q2 FY23. Enhanced profitability was achieved despite increased tax expenses, underscoring Force Motors' focus on operational efficiency. 

About Force Motors Limited

Established in 1958, Force Motors Ltd is the flagship of the Abhay Firodia Group, specializing in the manufacture of fully integrated light and small commercial vehicles (LCVs, SCVs), multi-utility vehicles (MUVs), and agricultural tractors, with a global footprint across the Middle East, Asia, Latin America, and Africa. Formerly known as Bajaj Tempo until 2005, the company develops and produces a range of vehicles and automotive components. It also operates through subsidiaries like Tempo Finance (West) for financial services and Force MTU Power Systems, a joint venture focused on engines and generator sets.

Key Takeaways fron the Acquisition

• Datawrkz acquired 100% of Space & Time for approximately GBP 4.8 million, marking a strategic move into the European and North American markets.
• Combining Space & Time’s growth marketing expertise with Datawrkz’s programmatic advertising technology aims to offer high-impact digital advertising solutions.
• Space & Time gains access to Datawrkz’s advanced technology, enabling them to deliver even more effective campaigns and capitalize on growth in Europe and North America.

This acquisition marks a significant milestone in Datawrkz’s ambitious expansion into European and North American markets, positioning it as a strong contender in the global digital advertising industry.

The partnership leverages Space & Time’s expertise in growth marketing and media with Datawrkz’s strengths in programmatic advertising technology. Through this acquisition, both firms aim to deliver enhanced digital advertising solutions, with a specific focus on strengthening their presence in the UK and European markets. Furthermore, Space & Time will benefit from Datawrkz’s advanced ad tech solutions, expanding its ability to execute high-impact campaigns and accelerate growth across regions.

Datawrkz, founded in 2013, has been dedicated to enhancing the effectiveness of digital advertising through innovative ad tech solutions. Since acquiring a 33% stake in Datawrkz in 2022, Nazara has fostered this commitment to global growth. Space & Time, established in 2000, has built a strong reputation in the UK as a Google Premier Partner, serving major clients such as Taylor Wimpey, Caffe Nero, O2 Retail, Save The Children, and Wolf 1834. Its CEO, Chris Jones, was recently named among the top 100 leaders in the UK’s digital industry.

About Nazara Technologies: 

As India’s only listed gaming and esports company, Nazara holds majority stakes in prominent brands like NODWIN Gaming and Sportskeeda and offers interactive gaming solutions across multiple markets.

About Datawrkz: 

Established in 2013, Datawrkz is a global ad tech firm that specializes in optimising digital advertising for growth through strategic solutions for advertisers and publishers.

About Space & Time:

A UK-based growth marketing agency founded in 2000, Space & Time excels in enhancing customer experiences through media and technology for top-tier clients across sectors.

Key Takeaways from the Order Win

• L&T will establish the National System Control Centre for Kenya, a hub to manage national power flow with an EMS and a backup energy management system.
• L&T secured contracts for high-voltage transmission lines in Saudi Arabia and GIS substation orders in Qatar, contributing to regional power expansion.
• These projects leverage L&T’s transmission & distribution expertise and enhance its portfolio in Digital Energy Solutions across diverse geographies.

The orders involve strengthening electricity grids at high-voltage levels and implementing a country-wide Energy Management System (EMS) in Kenya.

L&T would design and deliver Kenya's new National System Control Centre as part of a consortium with the top original equipment manufacturer for this project. This will involve the construction of a strategic hub for managing power flow across the country with stable and efficient design transmission lines. The building takes into account the constantly rising levels of renewable sources of energy and high-voltage interconnections. It involves further provision for a backup system in an alternative location with improved reliability.

In the Middle East, L&T won turnkey contracts for high-voltage transmission lines in Saudi Arabia, besides additional GIS orders for a power expansion project in Qatar. These orders prove that L&T's capabilities are robust in the energy space and further strengthen its position in international markets.

About Larsen & Toubro Limited:

Larsen & Toubro Limited is one of India's biggest and most respected private sector companies that focuses on EPC projects, high-tech manufacturing, and services. For more than 80 years with a strong customer-oriented approach and an unwavering commitment to world-class quality, L&T has unmatched experience in the areas of Technology, Engineering, Construction, and Manufacturing and all its core business areas.

With operations spread over more than 50 countries, L&T has been customer-centric for over eight years, which was instrumental in the company taking over and sustaining its leadership positions in key business streams.

Key Takeaways from the Share Surge

• Revenue from operations is ₹1,941.33 crore, up 7.8% YoY from ₹1,801.68 crore in Q2 FY23.
• Profit before tax is ₹211.48 crore, marking a 44.1% increase YoY from ₹146.77 crore.
• Net Profit is ₹135.05 crore, up 43.9% from ₹93.89 crore in Q2 FY23, demonstrating strong profitability growth.

For Q2 FY24, Force Motors recorded a revenue from operations of ₹1,941.33 crore, marking a 7.8% increase from ₹1,801.68 crore in Q2 FY23. Total income, which includes other income, stood at ₹1,949.90 crore, up 7.7% YoY from ₹1,810.74 crore in the same period last year.

Despite rising operational costs, Force Motors managed its expenses efficiently, keeping total expenses at ₹1,732.70 crore, a 4.4% increase YoY from ₹1,659.52 crore in Q2 FY23. This cost control contributed to an improved profit before tax of ₹211.48 crore, a notable 44.1% increase YoY from ₹146.77 crore in the same quarter last year.

The company's net profit after tax came in at ₹135.05 crore, reflecting an impressive 43.9% growth YoY compared to ₹93.89 crore in Q2 FY23. Enhanced profitability was achieved despite increased tax expenses, underscoring Force Motors' focus on operational efficiency. 

About Force Motors Limited

Established in 1958, Force Motors Ltd is the flagship of the Abhay Firodia Group, specializing in the manufacture of fully integrated light and small commercial vehicles (LCVs, SCVs), multi-utility vehicles (MUVs), and agricultural tractors, with a global footprint across the Middle East, Asia, Latin America, and Africa. Formerly known as Bajaj Tempo until 2005, the company develops and produces a range of vehicles and automotive components. It also operates through subsidiaries like Tempo Finance (West) for financial services and Force MTU Power Systems, a joint venture focused on engines and generator sets.