Force Motors Ltd, founded in 1958 and part of the Abhay Firodia Group, specializes in manufacturing fully integrated small and light commercial vehicles, multi-utility vehicles, and agricultural tractors with an international presence across the Middle East, Asia, Latin America, and Africa, reported a strong Q2FY26 performance.
Financial Highlights:
- Revenues increased 7.21% year-on-year to ₹2,081 crore from ₹1,941 crore.
- Total expenses rose modestly by 2.99% to ₹1,790 crore from ₹1,738 crore.
- Consolidated net profit surged 160% to ₹351 crore from ₹135 crore.
- Earnings per share improved 159.72% to ₹266.14 from ₹102.47.
The profit surge was driven by strong demand for commercial vehicles, operational efficiencies, favorable tax regime shifts, and increased capacity utilization including new manufacturing plants for BMW and Mercedes-Benz engines in India.
Outlook:
Force Motors Ltd aims to sustain double-digit revenue growth, expand export markets, and continue ramping up new product launches including electric vehicle platforms to sustain profitability momentum.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,