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FORCE MOTORS
Quarterly Results Analysis [Sep2025]

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FORCE MOTORS Quarterly Results

Consolidated Sep2025
UnAudited
Jun2025
UnAudited
Mar2025
UnAudited
Dec2024
UnAudited
Sep2024
UnAudited
Jun2024
UnAudited
Mar2024
UnAudited
Dec2023
UnAudited
Revenues ₹2,081 Cr ₹2,297 Cr ₹2,356 Cr ₹1,889 Cr ₹1,941 Cr ₹1,885 Cr ₹2,011 Cr ₹1,692 Cr
Expenses ₹1,719 Cr ₹1,965 Cr ₹2,027 Cr ₹1,658 Cr ₹1,659 Cr ₹1,636 Cr ₹1,733 Cr ₹1,467 Cr
Operating Income ₹363 Cr ₹332 Cr ₹329 Cr ₹232 Cr ₹283 Cr ₹249 Cr ₹279 Cr ₹224 Cr
Other Income ₹24 Cr ₹25 Cr ₹18 Cr ₹15 Cr ₹9 Cr ₹15 Cr ₹15 Cr ₹4 Cr
Interest ₹0 Cr ₹0 Cr ₹7 Cr ₹4 Cr ₹5 Cr ₹9 Cr ₹14 Cr ₹14 Cr
Depreciation ₹71 Cr ₹70 Cr ₹72 Cr ₹71 Cr ₹69 Cr ₹69 Cr ₹68 Cr ₹68 Cr
Profit Before Tax ₹316 Cr ₹287 Cr ₹663 Cr ₹172 Cr ₹217 Cr ₹186 Cr ₹211 Cr ₹146 Cr
Profit After Tax ₹350 Cr ₹185 Cr ₹430 Cr ₹110 Cr ₹141 Cr ₹120 Cr ₹137 Cr ₹95 Cr
EPS ₹266.06 ₹133.79 ₹329.83 ₹87.49 ₹102.44 ₹87.78 ₹106.42 ₹64.80
Industry Peers & Returns1W1M1Y
FORCE MOTORS -5.8% -4% 152.7%
TATA MOTORS -2.8% -13.3% -55.5%
ASHOK LEYLAND 0.4% 14% 35.4%
OLECTRA GREENTECH -2.6% -20.1% -21.7%
SML ISUZU 5.7% 7.9% 118.1%

FORCE MOTORS Quarterly Revenues

Revenues
Q-o-Q

-9.40 %

Y-o-Y

7.22 %

Quarters Revenues % Change
Sep2025 ₹2,081 Cr
-9.40
Jun2025 ₹2,297 Cr
-2.49
Mar2025 ₹2,356 Cr
24.69
Dec2024 ₹1,889 Cr
-2.67
Sep2024 ₹1,941 Cr
2.99
Jun2024 ₹1,885 Cr
-6.28
Mar2024 ₹2,011 Cr
18.89
Dec2023 ₹1,692 Cr -

FORCE MOTORS Quarterly Operating Profit

Operating Profit
Q-o-Q

9.26 %

Y-o-Y

28.36 %

Quarters Operating Profit % Change
Sep2025 ₹363 Cr
9.26
Jun2025 ₹332 Cr
0.85
Mar2025 ₹329 Cr
42.10
Dec2024 ₹232 Cr
-18.02
Sep2024 ₹283 Cr
13.43
Jun2024 ₹249 Cr
-10.58
Mar2024 ₹279 Cr
24.12
Dec2023 ₹224 Cr -
Operating Margins
Q-o-Q

20.62 %

Y-o-Y

19.71 %

Quarters Operating Margin% % Change
Sep2025 17.43%
20.62
Jun2025 14.45%
3.44
Mar2025 13.97%
13.95
Dec2024 12.26%
-15.80
Sep2024 14.56%
10.14
Jun2024 13.22%
-4.55
Mar2024 13.85%
4.37
Dec2023 13.27% -

FORCE MOTORS Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

88.65 %

Y-o-Y

148.35 %

Quarters Profit After Tax % Change
Sep2025 ₹350 Cr
88.65
Jun2025 ₹185 Cr
-56.88
Mar2025 ₹430 Cr
290.13
Dec2024 ₹110 Cr
-21.75
Sep2024 ₹141 Cr
17.61
Jun2024 ₹120 Cr
-12.51
Mar2024 ₹137 Cr
44.25
Dec2023 ₹95 Cr -
PAT Margins
Q-o-Q

108.18 %

Y-o-Y

131.72 %

Quarters PAT Margin(%) % Change
Sep2025 16.8 %
108.18
Jun2025 8.07 %
-55.76
Mar2025 18.24 %
212.86
Dec2024 5.83 %
-19.59
Sep2024 7.25 %
14.17
Jun2024 6.35 %
-6.62
Mar2024 6.8 %
21.21
Dec2023 5.61 % -

FORCE MOTORS Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

98.86 %

Y-o-Y

159.72 %

Quarters EPS % Change
Sep2025 ₹266.06
98.86
Jun2025 ₹133.79
-59.44
Mar2025 ₹329.83
276.99
Dec2024 ₹87.49
-14.59
Sep2024 ₹102.44
16.70
Jun2024 ₹87.78
-17.52
Mar2024 ₹106.42
64.23
Dec2023 ₹64.8 -

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