Force Motors quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	2,925	2,081	+40.5%
EBITDA	434	363	+19.5%
EBITDA margin	14.8%	17.4%	−2.6 pts
Profit before tax	393	316	+24.2%
Net profit	294	351	−16.2%
EPS	₹223.03	₹266.14	−16.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024

Expenses
	2,925	2,440	2,550	2,129	2,081	2,297	2,356	1,889	1,941	1,885	2,011
	42.8	38.1	33.9	27.1	24.5	25.1	18.1	14.9	8.6	15.0	14.6
	2,967	2,478	2,584	2,156	2,106	2,322	2,374	1,904	1,950	1,900	2,026
	2,176	1,749	1,677	1,491	1,553	1,707	1,631	1,506	1,399	1,424	1,460
	−48.5	9.6	118	−8.8	−109	−22.1	86.4	−88.2	28.0	−37.8	−9.6
	199	195	181	167	171	166	192	131	130	139	160
	2.1	0.0	2.7	0.2	0.2	0.1	7.3	4.1	5.4	9.1	14.3
	81.7	77.4	72.0	72.7	71.0	70.3	71.9	70.5	68.6	69.3	68.1
	164	158	159	105	104	114	118	109	102	111	122
	2,575	2,190	2,210	1,827	1,790	2,036	2,106	1,732	1,733	1,714	1,815
	434	328	414	374	363	332	329	232	283	249	279
	352	250	342	301	292	262	257	161	214	180	211
Profit
	393	288	373	328	316	287	268	172	217	186	211
	0.0	0.0	0.0	211	0.0	0.0	395	0.0	0.0	0.0	0.0
	393	288	373	539	316	287	663	172	217	186	211
	93.0	77.6	93.5	153	52.5	103	233	63.7	76.5	68.5	44.2
	8.7	−0.9	6.1	−16.6	−86.0	−2.1	0.4	−1.9	−0.1	−2.4	29.9
	102	76.7	99.7	136	−33.5	101	233	61.8	76.4	66.1	74.1
	2.9	4.8	4.8	3.2	1.1	−9.0	5.0	5.2	−5.7	−4.0	3.5
	294	217	279	406	351	176	435	115	135	116	140
	291	212	274	403	350	185	430	110	141	120	137
	−6.5	5.4	2.3	1.1	−3.5	2.1	−2.0	3.8	−0.8	2.9	2.5
	287	222	281	407	347	178	433	119	134	119	143
	294	217	279	406	351	176	435	115	135	116	140
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Per share
	₹223.03	₹164.36	₹211.37	₹308.22	₹266.14	₹133.82	₹329.92	₹87.52	₹102.46	₹87.81	₹106.45
	₹223.03	₹164.36	₹211.37	₹308.22	₹266.14	₹133.82	₹329.92	₹87.52	₹102.46	₹87.81	₹106.45
Other comprehensive income — detail
	−6.5	5.4	2.3	1.1	−3.5	2.1	−2.0	—	—	—	—
	−8.4	6.4	3.8	1.5	−4.2	2.2	−3.8	5.8	−0.7	3.1	2.6
	−1.9	1.0	1.5	0.4	−0.7	0.1	−1.8	—	—	—	—
	—	—	—	—	—	—	—	2.0	0.1	0.2	0.1
	287	222	281	407	347	178	433	119	134	119	143
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Per share — as-filed variants
	₹223.03	₹164.36	₹211.37	₹308.22	₹266.14	₹133.82	₹329.92	₹87.52	₹102.46	₹87.81	₹106.45
	₹223.03	₹164.36	₹211.37	₹308.22	₹266.14	₹133.82	₹329.92	₹87.52	₹102.46	₹87.81	₹106.45
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	797	681	755	647	638	613	639	472	515	499	560
	27.2%	27.9%	29.6%	30.4%	30.6%	26.7%	27.1%	25.0%	26.5%	26.5%	27.9%
Adjusted (ex-exceptional items) — derived
	393	288	373	328	316	287	268	172	217	186	211
	0.0	0.0	0.0	211	0.0	0.0	395	0.0	0.0	0.0	0.0
	294	217	279	248	351	176	179	115	135	116	140
	₹223.03	₹164.36	₹211.37	₹188.47	₹266.14	₹133.82	₹135.78	₹87.52	₹102.46	₹87.81	₹106.45

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

FORCEMOT₹16,856.00

Force Motors Ltd.

· Auto & Mobility

Annual Quarterly₹ CrorePeersEICHERMOT ATHERENERG JBMA OLAELEC TENNIND ARE&M ASAHIINDIA SONACOMSMcap ₹22,216 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	2,011.2	1,884.9	1,941.3	1,889.5	2,356.0	2,297.3	2,081.4	2,128.6	2,549.8	2,440.0	2,924.7
Other Income	14.6	15.0	8.6	14.9	18.1	25.1	24.5	27.1	33.9	38.1	42.8
Total Income	2,025.8	1,899.9	1,949.9	1,904.4	2,374.1	2,322.3	2,105.9	2,155.6	2,583.7	2,478.1	2,967.5
Expenses
+ Cost of Materials Consumed	1,460.3	1,423.6	1,398.6	1,505.7	1,630.7	1,706.6	1,552.9	1,490.5	1,677.2	1,749.0	2,176.3
+ Changes in Inventories	-9.6	-37.8	28.0	-88.2	86.4	-22.1	-109.2	-8.8	117.6	9.6	-48.5
+ Employee Benefit Expense	160.3	139.1	129.8	131.5	191.5	166.5	170.9	167.5	181.5	195.1	199.3
+ Finance Costs	14.3	9.1	5.4	4.1	7.3	0.1	0.2	0.2	2.7	0.0	2.1
+ Depreciation & Amortisation	68.1	69.3	68.6	70.5	71.9	70.3	71.0	72.7	72.0	77.4	81.7
+ Other Expenses	121.5	110.7	102.5	108.7	118.1	114.3	104.0	105.4	159.2	158.5	163.9
Total Expenses	1,814.9	1,714.1	1,732.7	1,732.4	2,105.9	2,035.6	1,789.8	1,827.4	2,210.3	2,189.7	2,574.9
EBITDA	278.6	249.2	282.6	231.7	329.2	332.0	362.8	374.0	414.3	327.8	433.6
EBIT	210.6	179.9	214.1	161.2	257.4	261.7	291.8	301.3	342.3	250.4	351.9
Profit
PBT before Exceptional Items	210.9	185.8	217.2	172.0	268.2	286.7	316.1	328.2	373.4	288.5	392.6
+ Exceptional Items	0.0	0.0	0.0	0.0	394.6	0.0	0.0	211.2	0.0	0.0	0.0
Pretax Income	210.9	185.8	217.2	172.0	662.8	286.7	316.1	539.4	373.4	288.5	392.6
+ Current Tax	44.2	68.5	76.5	63.7	232.7	103.4	52.5	153.1	93.5	77.6	93.0
+ Deferred Tax	29.9	-2.4	-0.1	-1.9	0.4	-2.1	-86.0	-16.6	6.1	-0.9	8.7
Tax Expense	74.1	66.1	76.4	61.8	233.1	101.4	-33.5	136.5	99.7	76.7	101.6
+ Share of Associates & JVs	3.5	-4.0	-5.7	5.2	5.0	-9.0	1.1	3.2	4.8	4.8	2.9
Net Income	140.3	115.7	135.1	115.3	434.7	176.4	350.7	406.2	278.5	216.6	293.9
+ Net Income — Continuing Ops	136.8	119.7	140.8	110.2	429.7	185.3	349.6	403.0	273.8	211.8	291.0
+ Other Comprehensive Income	2.5	2.9	-0.8	3.8	-2.0	2.1	-3.5	1.1	2.3	5.4	-6.5
Total Comprehensive Income	142.8	118.6	134.3	119.1	432.7	178.5	347.2	407.3	280.9	222.0	287.4
Net Income to Common	140.3	115.7	135.0	115.3	434.7	176.3	350.7	406.1	278.5	216.6	293.9
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Per Share
Basic EPS	106.45	87.81	102.46	87.52	329.92	133.82	266.14	308.22	211.37	164.36	223.03
Diluted EPS	106.45	87.81	102.46	87.52	329.92	133.82	266.14	308.22	211.37	164.36	223.03
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	-2.0	2.1	-3.5	1.1	2.3	5.4	-6.5
+ Items NOT to be Reclassified to P&L	2.6	3.1	-0.7	5.8	-3.8	2.2	-4.2	1.5	3.8	6.4	-8.4
+ Tax on Items NOT to be Reclassified	—	—	—	—	-1.8	0.1	-0.7	0.4	1.5	1.0	-1.9
+ Tax on Items NOT to be Reclassified — alt tag	0.1	0.2	0.1	2.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	142.7	118.6	134.2	119.1	432.7	178.5	347.1	407.2	280.8	222.0	287.4
Comprehensive Income — Non-controlling Interests	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Per Share — as-filed variants
Basic EPS — Continuing Operations	106.45	87.81	102.46	87.52	329.92	133.82	266.14	308.22	211.37	164.36	223.03
Diluted EPS — Continuing Operations	106.45	87.81	102.46	87.52	329.92	133.82	266.14	308.22	211.37	164.36	223.03
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	560.5	499.0	514.8	471.9	638.9	612.8	637.7	646.8	755.1	681.4	796.8
Gross Margin %	27.87	26.47	26.52	24.98	27.12	26.67	30.64	30.39	29.61	27.92	27.24
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	210.9	185.8	217.2	172.0	268.2	286.7	316.1	328.2	373.4	288.5	392.6
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	394.6	0.0	0.0	211.2	0.0	0.0	0.0
Net Income Adj (tax-effected)	140.3	115.7	135.1	115.3	178.9	176.4	350.7	248.4	278.5	216.6	293.9
EPS Adj	106.45	87.81	102.46	87.52	135.78	133.82	266.14	188.47	211.37	164.36	223.03
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	13.2	13.2	13.2	13.2	13.2	13.2	13.2	13.2	13.2	13.2	13.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Force Motors Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 5:03 pm IST

Force Motors (NSE: FORCEMOT) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 5:03 pm IST. Consolidated net profit was ₹294 crore, down 16.2% from ₹351 crore in Q2 FY26 and up 35.7% from ₹217 crore in Q1 FY27. Revenue from operations was ₹2,925 crore, up 40.5% year on year and up 19.9% from the previous quarter.

Q2 FY26 results (a year earlier): 7 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹294 Cr−16.2% vs Q2 FY26+35.7% vs Q1 FY27
Revenue from operations: ₹2,925 Cr+40.5% vs Q2 FY26+19.9% vs Q1 FY27
Operating margin (EBIT): 12.0%−2.0 pts vs Q2 FY26+1.8 pts vs Q1 FY27EBIT ₹352 Cr
EBITDA: ₹434 Cr+19.5% vs Q2 FY26+32.3% vs Q1 FY27margin 14.8%
Earnings per share (basic): ₹223.03−16.2% vs Q2 FY26+35.7% vs Q1 FY27
Net profit margin: 10.0%−6.8 pts vs Q2 FY26+1.2 pts vs Q1 FY27

Questions

What was Force Motors' net profit in Q2 FY27?

Consolidated net profit was ₹294 crore, down 16.2% from ₹351 crore in Q2 FY26 and up 35.7% from ₹217 crore in Q1 FY27.

What was Force Motors' revenue in Q2 FY27?

Revenue from operations was ₹2,925 crore, up 40.5% year on year and up 19.9% from the previous quarter.

What was Force Motors' net profit in FY26?

Consolidated net profit was ₹1,212 crore in FY26 (April 2025–March 2026), up 51.3% from ₹801 crore in FY25. It was ₹388 crore in FY24.

How were Force Motors' Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 40.5% at ₹2,925 crore, and net profit was down 16.2% at ₹294 crore. The operating margin was 12.0%, down 2.0 percentage points from 14.0% a year earlier. Against Q1 FY27, net profit was up 35.7% and revenue up 19.9%.

What was Force Motors' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹352 crore, a margin of 12.0%, against 10.3% in Q1 FY27 and 14.0% in Q2 FY26. EBITDA was ₹434 crore, 14.8% of revenue.

What was Force Motors' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹510 crore, down 3.1% from ₹527 crore in the same months a year earlier. Revenue from operations was ₹5,365 crore, up 22.5%.

What was Force Motors' EPS in Q2 FY27?

Basic earnings per share were ₹223.03, against ₹266.14 in Q2 FY26.

What is Force Motors' net profit margin?

Force Motors' net profit margin was 10.0% in Q2 FY27 (net profit as a share of revenue from operations), against 16.8% in Q2 FY26 (down 6.8 percentage points). For FY26 as a whole it was 13.4%.

What was Force Motors' revenue in FY26?

Revenue from operations was ₹9,057 crore in FY26 (April 2025–March 2026), up 12.2% from ₹8,072 crore in FY25. It was ₹6,992 crore in FY24.

How has Force Motors' profit changed over the last four quarters?

Net profit by quarter: ₹406 crore in Q3 FY26, ₹279 crore in Q4 FY26, ₹217 crore in Q1 FY27 and ₹294 crore in Q2 FY27. That is ₹1,195 crore over the four quarters, up 11.0% from ₹1,077 crore in the four quarters before. Revenue from operations: ₹2,129 crore, ₹2,550 crore, ₹2,440 crore and ₹2,925 crore.

When did Force Motors announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 5:03 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 7 November 2025.

When will Force Motors announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Force Motors figures come from?

From Force Motors' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.