Force Motors (500033) Q3 25/26 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 25/26 earnings summary
20 Oct, 2026Executive summary
Board approved unaudited standalone and consolidated Q3 and nine-month results on 4 February 2026; statutory auditors issued limited review reports.
Standalone 9M FY26 sales were ₹6,451 crore, up 13.8% YoY; PBT and PAT before exceptional items rose 62% and 110%.
Q3 reported net profit was ₹40,286 lakh standalone and ₹40,615 lakh consolidated, including a net exceptional gain of ₹21,124 lakh.
Financial highlights
Q3 FY26 sales were ₹2,062 crore versus ₹1,874 crore in Q3 FY25; PBT before exceptional items rose to ₹328 crore from ₹172 crore.
Q3 revenue from operations was ₹212,843 lakh standalone versus ₹188,936 lakh YoY, and ₹212,856 lakh consolidated versus ₹188,949 lakh.
Nine-month revenue from operations was ₹650,682 lakh standalone versus ₹571,534 lakh, and ₹650,721 lakh consolidated versus ₹571,572 lakh.
PBT before exceptional items was ₹931 crore for 9M FY26 versus ₹575 crore; PAT before exceptional items was ₹779 crore versus ₹370 crore.
Q3 reported PBT was ₹53,930 lakh standalone and ₹54,262 lakh consolidated; reported net profit was ₹40,286 lakh and ₹40,615 lakh, respectively.
Segment performance
Operations are reported as a single segment.
Latest events from Force Motors
- FY24 consolidated revenue rose to Rs6,99,213 lakh; net profit reached Rs38,821 lakh.500033
Q4 23/24 - Q1 FY25 profit rose YoY, despite a ₹396 lakh JV loss in consolidated results.500033
Q1 24/25 - Q2 and H1 revenue and net profit rose YoY on standalone and consolidated bases.500033
Q2 24/25 - Q3 revenue, profit and EPS increased YoY on standalone and consolidated bases.500033
Q3 24/25 - FY25 profit includes ₹39,457 lakh in incentives; recommended dividend is ₹40 per share.500033
Q4 24/25 - Q1 FY26 revenue and profit rose YoY, while the joint venture recorded a ₹896 lakh loss.500033
Q1 25/26 - H1 revenue and profit rose; Q2 profit reflected tax effects; EPR costs remain uncertain.500033
Q2 25/26 - FY26 earnings and ROIC strengthened; Q4 PAT fell and a ₹50/share dividend was recommended.500033
Q4 25/26 - Q1 FY27 revenue and profit rose YoY; Veera Tanneries became wholly owned.500033
Q1 26/27