Executive Summary
Force Motors Ltd reported Q3FY26 revenues of ₹2,129 crore, up 12.71% YoY, with consolidated net profit surging 253.04% to ₹406 crore. Exceptional operational leverage from moderated expense growth and strong small/light commercial vehicle demand drove dramatic profitability expansion.
Revenue & Growth
Revenues expanded to ₹2,129 crore from ₹1,889 crore YoY, reflecting 12.71% growth across multi-utility vehicles, light CVs, and agricultural tractors for Middle East, Asia, and African markets. Total expenses rose only 5.48% YoY to ₹1,828 crore, delivering superior margin leverage.
Profitability & Margins
Consolidated net profit more than tripled to ₹406 crore from ₹115 crore, with EBITDA margins expanding dramatically to 17.57% from 12.26% (531 bps gain). Basic EPS leaped 252.20% to ₹308.21 from ₹87.51, highlighting vertically integrated manufacturing efficiencies.
Balance-Sheet Highlights
The dataset lacks detailed balance sheet items such as assets, liabilities, equity, net debt, or current ratio for Q3FY26.
Cash Flow / Liquidity
Operating cash flow, free cash flow, and liquidity metrics are not specified in the Q3FY26 dataset.
Key Ratios / Metrics
EBITDA surged 63% to ₹374 crore; revenue growth (13%) significantly trailed profit explosion (273%), confirming cost optimization success. Export focus across emerging markets supports sustained light CV and utility vehicle momentum.
