Force Motors (500033) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was ₹2,924.66 crore and net profit ₹293.91 crore; H1 revenue was ₹5,364.67 crore and net profit ₹510.50 crore.

• Standalone Q2 revenue was ₹2,924.54 crore and net profit ₹291.44 crore; H1 revenue was ₹5,364.43 crore and net profit ₹503.51 crore.

Financial highlights

• Consolidated Q2 revenue was ₹2,924.66 crore vs ₹2,081.40 crore in Q2 FY26; H1 revenue was ₹5,364.67 crore vs ₹4,378.65 crore.

• Consolidated Q2 net profit was ₹293.91 crore vs ₹350.70 crore; H1 net profit was ₹510.50 crore vs ₹527.06 crore. Prior-year tax included a one-time benefit, limiting comparison.

• Standalone Q2 net profit was ₹291.44 crore vs ₹349.51 crore; H1 net profit was ₹503.51 crore vs ₹534.73 crore.

Segment performance

• Operations are reported as a single segment.

• Consolidated share of joint-venture profit was ₹2.94 crore in Q2 and ₹7.78 crore in H1, vs ₹1.10 crore profit and ₹7.86 crore loss, respectively, in the prior-year periods.