Force Motors has announced its strategic plan to complete the full acquisition of Veera Tanneries, with a target completion date of March 31, 2026.

Acquisition Timeline

The automotive manufacturer has set a clear timeline for the buyout process, indicating a structured approach to fully acquiring the tannery business. The March 31, 2026 deadline suggests comprehensive planning for the integration process.

Strategic Expansion

This acquisition represents a significant corporate development for Force Motors as it diversifies its business portfolio beyond its core automotive operations. The move to fully acquire Veera Tanneries indicates the company's commitment to expanding into complementary business segments.

The planned acquisition demonstrates Force Motors' strategic vision for business expansion and diversification, marking an important milestone in the company's growth trajectory.

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.