Force Motors has delivered remarkable financial results for the third quarter, showcasing significant improvement across key performance metrics. The automotive manufacturer reported a substantial increase in profitability while maintaining steady revenue growth during the period.

Financial Performance Overview

The company's consolidated financial results reveal strong operational performance with notable improvements in both top-line and bottom-line metrics, including enhanced EBITDA performance.

Profitability Surge

The most striking aspect of Force Motors' Q3 performance was the dramatic improvement in net profit margins. The company's consolidated net profit reached ₹4.1 billion, representing a substantial 273% increase from the ₹1.1 billion recorded in the same quarter of the previous year. This exceptional growth in profitability indicates enhanced operational efficiency and improved cost management strategies.

EBITDA Performance and Margin Expansion

Force Motors demonstrated strong operational efficiency with EBITDA reaching ₹3.74 billion compared to ₹2.3 billion in the corresponding quarter last year. The EBITDA margin expanded significantly to 17.57% from 12.26%, reflecting improved operational leverage and cost optimization initiatives across the organization.

Revenue Growth

Alongside the profit surge, Force Motors maintained steady revenue momentum with quarterly revenue reaching ₹21.3 billion, marking a 13% increase from ₹18.9 billion in the corresponding quarter last year. This consistent revenue growth demonstrates the company's ability to expand its market presence and maintain customer demand for its products.

Performance Analysis

The significant disparity between profit growth (273%) and revenue growth (13%) suggests that Force Motors has successfully optimized its operational efficiency and cost structure. The substantial EBITDA margin expansion of over 500 basis points further reinforces the company's focus on operational excellence and profitability enhancement during the third quarter.

Force Motors has reported its monthly sales data for January 2026 under Regulation 30, demonstrating positive overall growth despite mixed performance across domestic and export segments. The company achieved total sales of 3,764 units during the month, marking a 4.64% improvement over the previous year's performance.

Overall Sales Performance

The automotive manufacturer recorded year-on-year growth in its January sales figures, showing resilience in the competitive market environment. The comprehensive sales data reflects the company's performance across both domestic and international markets.

Domestic Market Strength

The domestic segment demonstrated robust performance with sales of 3,665 units in January 2026, representing a 4.92% increase from 3,493 units in January 2025. This growth encompasses the company's portfolio of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV) and Sports Utility Vehicles (SUV).

The strong domestic performance indicates Force Motors' ability to maintain customer demand and market share in the Indian automotive market. The additional 172 units sold in the domestic market compared to the previous January demonstrates the company's steady performance in its core market.

Export Segment Challenges

While domestic sales showed positive growth, the export segment faced headwinds with sales declining to 99 units in January 2026 from 104 units in January 2025, representing a 4.81% decrease. This decline of 5 units reflects the challenges in international markets.

Regulatory Compliance and Transparency

The sales data was submitted in advance as per the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was filed by Company Secretary & Compliance Officer Rohan Sampat, demonstrating the company's commitment to regulatory compliance and transparent disclosure practices.