Force Motors (500033) Q1 26/27 earnings summary

Executive summary

• Unaudited Q1 FY27 standalone and consolidated results were approved by the Board on July 29, 2026; auditor reviews identified no material misstatement.

• Standalone sales and PAT rose YoY, while sales, PBT and PAT declined QoQ.

Financial highlights

• Standalone sales were ₹2,417 crore, up 6% YoY and down 4% QoQ.

• Standalone PBT was ₹289 crore, up 1% YoY and down 23% QoQ; PBT margin was 12%, versus 12% in Q1 FY26 and 15% in Q4 FY26.

• Standalone PAT was ₹212 crore, up 14% YoY and down 23% QoQ; PAT margin was 9%, versus 8% in Q1 FY26.

• Consolidated revenue from operations was ₹2,440.01 crore vs ₹2,297.25 crore YoY; net profit was ₹216.59 crore vs ₹176.36 crore. Consolidated PBT was ₹293.29 crore, including ₹4.84 crore JV profit.

• Standalone revenue from operations was ₹2,439.89 crore vs ₹2,297.12 crore YoY; PBT was ₹288.85 crore and net profit ₹212.07 crore. Total income was ₹2,477.95 crore.

Segment performance

• Operations are reported as a single segment.

• Traveller serves school bus, ambulance, delivery van and troop-carrier applications; the presentation cites over 70% market share in its segment.

• Urbania is a modular monocoque shared-mobility platform offered in 9+D, 10+D, 12+D, 13+D and 16+D variants.

• Other offerings include Monobus, Trax, Gurkha, engines, axles, radiator fan modules, and MTU engines and generators.