Mumbai, April 29 Force Motors on Wednesday reported a sharp 40 per cent decline in profitability for the March quarter (Q4 FY26).
The company’s net profit fell to Rs 278.5 crore, compared to Rs 434.7 crore in the same period previous financial year (Q4 FY25), according to its stock exchange filing.
Despite the drop in bottom line, the automaker maintained steady growth in its topline.
Revenue for the quarter rose 8.2 per cent to Rs 2,550 crore from Rs 2,356 crore a year ago, supported by consistent domestic demand.
The company’s operating performance remained robust, with EBITDA climbing 25.8 per cent to Rs 414.3 crore from Rs 329.2 crore.
Margins improved significantly to 16.3 per cent from 14 per cent, as per its regulatory filing.
The board has recommended a dividend of Rs 50 per equity share for FY26, subject to approval by shareholders at the upcoming annual general meeting.
On the operational front, Force Motors witnessed strong traction in domestic markets. Total sales in March increased 14.4 per cent year-on-year to 4,126 units, driven by growth across small commercial vehicles, light commercial vehicles and utility vehicles.
However, export performance remained weak, with shipments declining over 22 per cent during the month due to geopolitical disruptions, particularly in West Asia.
Including exports, total sales stood at 4,199 units in March, marking a 13.5 per cent rise compared to the year-ago period.
The company had also reported an 8 per cent increase in February sales, the automaker said in its filing.
While the company had delivered a strong performance in the December quarter aided by improved operating metrics and one-off gains, the latest results indicate a more normalised earnings trajectory, even as core operational trends remain stable.
Shares of Force Motors ended at Rs 21,000 on the NSE ahead of the earnings announcement.
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