Force Motors' Q2 FY 2025-26 Quarterly Results

Result Summary

• Force Motors Ltd reported a 9.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.0%.
• Its expenses for the quarter were down by 12.1% QoQ and up 3.3% YoY.
• The net profit increased 98.9% QoQ and increased 159.7% YoY.
• The earnings per share (EPS) of Force Motors Ltd stood at 266.14 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Force Motors Ltd is an Indian manufacturer of commercial vehicles, utility vehicles, and agricultural tractors. The company is part of the automotive industry and is known for its range of vehicles including light commercial vehicles (LCVs), multi-utility vehicles (MUVs), and agricultural tractors. Force Motors has a significant presence in the domestic market and also exports its products to various countries. The company has been focusing on innovation and expanding its product portfolio to cater to different segments of the market. Recent developments in the company are not available from the provided data, but historically, Force Motors has been active in upgrading its product line and expanding its manufacturing capabilities.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Force Motors Ltd reported a total income of ₹2105.89 crores. This represents a decrease of 9.3% in comparison to the previous quarter (Q1FY26), where the total income was ₹2322.31 crores. However, when compared to the same quarter in the previous year (Q2FY25), the company's total income increased by 8.0% from ₹1949.90 crores. This year-over-year growth indicates an upward trajectory in revenue generation when assessed annually, despite a quarterly decline.

Profitability

Force Motors Ltd's profitability metrics showed a notable improvement in Q2FY26. The company reported a profit before tax of ₹316.08 crores, which is a 10.3% increase from ₹286.67 crores in Q1FY26, and a significant 45.5% rise from ₹217.20 crores in Q2FY25. The tax expense in Q2FY26 was negative at -₹33.52 crores, a significant change from the tax payments of ₹101.35 crores in Q1FY26 and ₹76.43 crores in Q2FY25. Consequently, the profit after tax for Q2FY26 was ₹350.70 crores, a substantial increase of 98.9% from Q1FY26's ₹176.36 crores and a 159.7% rise from Q2FY25's ₹135.05 crores. Earnings per share also doubled quarter-over-quarter and year-over-year, matching the profit after tax percentage changes.

Operating Metrics

The operating metrics for Force Motors Ltd, reflected through total expenses, indicate a decrease in Q2FY26. The total expenses stood at ₹1789.81 crores, down by 12.1% from ₹2035.64 crores in Q1FY26. Year-over-year, the expenses increased by 3.3% from ₹1732.70 crores in Q2FY25. This reduction in quarterly expenses, alongside the increase in annual figures, provides a detailed view of the company's cost management efforts. The significant changes in tax expenses and profit margins also contribute to understanding the company's operational shifts over these periods.