Force Motors (500033) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated results for Q3 and 9M ended 31 Dec 2024 were approved by the Board on 10 Feb 2025.

• Q3 revenue and net profit were higher YoY on both standalone and consolidated bases; the limited review conclusions were unmodified.

Financial highlights

• Q3 standalone revenue from operations was ₹188,936 lakh vs ₹169,156 lakh YoY; net profit was ₹11,006 lakh vs ₹9,474 lakh.

• Q3 consolidated revenue from operations was ₹188,949 lakh vs ₹169,169 lakh YoY; net profit was ₹11,534 lakh vs ₹8,544 lakh.

• 9M standalone revenue was ₹571,534 lakh vs ₹498,057 lakh; net profit was ₹37,033 lakh vs ₹26,497 lakh.

• 9M consolidated revenue was ₹571,572 lakh vs ₹498,092 lakh; net profit was ₹36,612 lakh vs ₹24,792 lakh.

Segment performance

• Operations were classified as a single segment.

• Consolidated Q3 share of joint venture profit was ₹519 lakh vs a ₹940 lakh loss YoY; 9M share was a ₹449 lakh loss vs a ₹1,731 lakh loss.