FORCEMOT quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Force Motors Ltd reported sales of ₹2,925 Cr, operating profit of ₹434 Cr (OPM 15%) and net profit of ₹294 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
FORCEMOT quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
1,889
2,356
2,297
2,081
2,129
2,550
2,440
2,925
Expenses
1,658
2,027
1,974
1,719
1,755
2,136
2,112
2,491
Operating Profit
232
329
323
363
374
414
328
434
OPM
12%
14%
14%
17%
18%
16%
13%
15%
Other Income
20
418
25
26
241
39
43
46
Interest
4
7
0
0
0
3
0
2
Depreciation
71
72
70
71
73
72
77
82
Profit before tax
177
668
278
317
543
378
293
396
Tax
35%
35%
36%
-11%
25%
26%
26%
26%
Net Profit
115
435
176
351
406
279
217
294
EPS in Rs
87.51
329.92
133.82
266.14
308.21
211.38
164.36
223.04
FORCEMOT profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
3,240
5,029
6,992
8,072
9,057
10,043
Expenses
3,190
4,716
6,096
6,973
7,573
8,493
Operating Profit
50
313
897
1,099
1,484
1,550
OPM
1.6%
6%
13%
14%
16%
15%
Other Income
52
268
37
446
321
369
Interest
41
68
62
26
3
5
Depreciation
191
241
267
280
286
304
Profit before tax
-130
272
605
1,238
1,516
1,610
Tax
-30%
51%
36%
35%
20%
-
Net Profit
-91
134
388
801
1,212
1,195
EPS in Rs
-69.12
101.42
294.54
607.71
919.55
906.99
Dividend Payout
-14%
10%
7%
7%
5%
-
FORCEMOT balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
13
13
13
13
13
Reserves
2,242
3,020
3,493
4,181
4,625
Borrowings
524
17
0
0
0
Other Liabilities
1,635
2,083
1,836
2,343
2,648
Total Liabilities
4,415
5,134
5,342
6,538
7,286
Fixed Assets
2,031
1,969
2,115
1,921
2,584
CWIP
171
287
190
536
176
Investments
91
103
95
98
110
Other Assets
2,121
2,775
2,941
3,981
4,416
Total Assets
4,415
5,134
5,342
6,538
7,286
FORCEMOT cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
18
532
1,014
1,546
1,297
Cash from Investing Activity
-356
-256
-198
-926
-900
Cash from Financing Activity
375
-207
-509
-562
-73
Net Cash Flow
37
68
308
58
324
Free Cash Flow
-315
274
810
1,181
761
CFO/OP
32%
171%
130%
108%
116%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit