Force Motors Q4 FY2026 Net Profit Falls 36%; Revenue at 258,400 Lakh

Force Motors Limited announced that it has recorded its highest ever annual revenue and profitability for the fiscal year ended March 31, 2026. The company reported a full year revenue of ₹9,167 crore, a 13 percent increase over the previous year, supported by a 30 percent sales CAGR over the last four years. For the fourth quarter, revenue reached ₹2,584 crore, marking a 9 percent year-on-year growth. While the Profit After Tax for the final quarter declined by 36 percent to ₹274 crore, this was attributed to a high base effect from an exceptional income of ₹395 crore recorded in the same quarter of the previous year. Despite this quarterly drop, total annual Profit After Tax grew 51 percent to reach ₹1,211 crore.

The company's annual EBITDA rose 39 percent to ₹1,593 crore, driven by improved operating leverage and consistent execution. Force Motors maintained its zero debt status throughout the period, reflecting its focus on capital discipline. Operational growth remained robust with domestic wholesales increasing by 20 percent. The company sustained its leadership in the van segment, where the Traveller platform consistently held over 70 percent market share. Additionally, the premium Urbania platform saw more than 100 percent growth, while the Trax platform recorded a 70 percent increase in volumes within rural and semi-urban markets.

"FY2025-26 marks an unprecedented year in our journey, where consistent execution across quarters has translated into our strongest ever financial performance," said Mr. Prasan Firodia, Managing Director of Force Motors Limited. He noted that the company is leading the premium shared mobility segment with the Urbania platform while continuing to deliver scale through the Traveller and Trax ranges. Firodia also highlighted that engagement with institutional and defense customers reflects the company's engineering capabilities in demanding environments. Looking ahead, the firm plans to focus on technology and innovation to drive its next phase of growth.