Pune based Force Motors Ltd on Wednesday announced its results for the quarter and year ended March 31, 2026, reporting a decline in quarterly profit even as full-year revenue rose 12.2 per cent year-on-year to ₹9,056.5 crore from ₹8,071.2 crore and net profit jumped 51 per cent to a record ₹1,211 crore from ₹800 crore.
Standalone net profit for the March quarter fell 36 per cent year-on-year to ₹273.7 crore, compared with ₹429.6 crore in the year-ago period, largely due to the absence of exceptional gains recorded last year.
Revenue from operations for the quarter rose to ₹2,549.7 crore from ₹2,355.9 crore a year earlier, while profit before tax (before exceptional items) increased to ₹373.3 crore from ₹268.1 crore, indicating an improvement in operating performance.
The company’s annual performance was supported in part by exceptional income of ₹288.6 crore related to government incentives, partly offset by ₹77.4 crore in employee-related costs linked to the implementation of new labour codes.
Operationally, the company reported broad-based growth during the year, with domestic wholesales rising 20 per cent and continued leadership in the van segment, where its Traveller platform maintained over 70 per cent market share.
The Urbania platform recorded over 100 per cent growth, while the Trax range saw more than 70 per cent growth in volumes, supported by expansion in rural and semi-urban markets.
Segment creator
“We have been a segment creator since our inception, and we are now pioneering and leading the premium shared mobility segment with Urbania’s strong presence, while platforms like Traveller and Trax continue to deliver scale and reach across markets,” said Prasan Firodia, Managing Director, Force Motors.
“FY2025–26 marks an unprecedented year in our journey, where consistent execution across quarters has translated into our strongest-ever financial performance, driven by operating leverage and a more balanced product mix,” he added.
Force Motors said it also strengthened its presence in institutional and defence segments through execution of specialised vehicle orders, while maintaining a zero-debt balance sheet.
The board has recommended a dividend of ₹50 per equity share for FY26, subject to shareholder approval.