Force Motors LimitedQ1 FY27 Results & Financial Update

Force Motors Limited: Q1 FY27 consolidated results and company financials – revenue ₹2,440.01 Cr, PAT ₹216.59 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: FORCEMOTPublished 24 Oct 2026Updated 24 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹2,440.01 CrReported Q1 FY27
Profit after tax₹216.59 CrReported Q1 FY27
EPS₹164.36Reported Q1 FY27

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Quarterly Results AnalysisExplore Force Motors Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Force Motors reported consolidated revenue from operations of INR 2,440.01 crore for the quarter ended 30th June 2026 (Q1 FY27), alongside total income of INR 2,478.11 crore which includes other income of INR 38.10 crore.

02

The company registered a profit before tax (PBT) of INR 288.45 crore after accounting for finance costs of INR 0.04 crore and depreciation and amortisation expenses of INR 77.40 crore.

03

Total tax expense for the quarter stood at INR 76.70 crore, resulting in a reported net profit (PAT) of INR 216.59 crore for the period under review.

04

Basic and diluted earnings per share (EPS) for Q1 FY27 stood at INR 164.36 on a face value of INR 10 per share, reflecting the quarter's bottom-line performance without annualisation.

05

On a standalone basis, the company posted revenue from operations of INR 2,439.89 crore and a net profit of INR 212.07 crore for the same quarter, closely tracking the consolidated figures.

06

Force Motors Limited released its un-audited consolidated financial results for the quarter ended June 30, 2026, reporting revenue from operations of INR 2,440.01 crore.

07

Total income for the quarter stood at INR 2,478.11 crore, supported by other income of INR 38.10 crore.

08

Profit before tax (PBT) for Q1 FY27 reached INR 288.45 crore after accounting for finance costs of INR 0.04 crore and depreciation and amortization expenses of INR 77.40 crore.

01 · Business model

What does Force Motors do?

Force Motors Limited is an integrated automobile manufacturer in India with a focus on designing, developing, and manufacturing a wide spectrum of automotive components, aggregates, and vehicles.

The company's product range spans light commercial vehicles (LCVs), multi-utility vehicles (MUVs), special purpose vehicles, agricultural tractors, and engines that serve diverse transport and utility requirements across domestic and institutional markets.

Operating through both standalone and consolidated structures, the company manages its manufacturing facilities and associated automotive ventures to support its core commercial vehicle and component supply operations.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹2,440.01 Cr
Total income₹2,478.11 Cr
Profit before tax₹288.45 Cr
Profit after tax₹216.59 Cr
EPS₹164.36

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 8.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 11.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹38.10 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Consolidated Revenue from Operations

The company recorded consolidated revenue from operations of INR 2,440.01 crore during Q1 FY27.

Total Income Generation

Total income reached INR 2,478.11 crore, which includes other income of INR 38.10 crore.

What drove margins

Depreciation and Finance Costs

The quarter's earnings absorbed depreciation and amortisation charges of INR 77.40 crore and minimal finance costs of INR 0.04 crore.

Tax Provision

Tax expenses for the quarter amounted to INR 76.70 crore against a profit before tax of INR 288.45 crore, yielding a net profit margin of approximately 8.88%.

Depreciation and Finance Costs

The company incurred depreciation and amortization expenses of INR 77.40 crore and finance costs of INR 0.04 crore during the quarter.

Tax Provision

Total tax expense for Q1 FY27 was recorded at INR 76.70 crore against a profit before tax of INR 288.45 crore.

04 · Reported developments

What changed operationally

Solid Quarterly Profitability

The company delivered a consolidated net profit of INR 216.59 crore for Q1 FY27, underpinned by robust operational revenue of INR 2,440.01 crore.

05 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval of Financial Results

The un-audited standalone and consolidated financial results for the quarter ended 30th June 2026 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29th July 2026.

Reported update

Filing Publication

The un-audited financial results for the quarter ended June 30, 2026, were reviewed by the audit committee, approved by the board of directors on July 29, 2026, and subsequently published in newspapers pursuant to Regulation 30 of the SEBI Listing Regulations.

06 · Key Q&A

The quarter, answered directly

What does Force Motors do?

Force Motors Limited is an integrated automobile manufacturer in India with a focus on designing, developing, and manufacturing a wide spectrum of automotive components, aggregates, and vehicles.

What is the clearest takeaway from Q1 FY27?

Force Motors reported consolidated revenue from operations of INR 2,440.01 crore for the quarter ended 30th June 2026 (Q1 FY27), alongside total income of INR 2,478.11 crore which includes other income of INR 38.10 crore.

What drove revenue or demand?

The company recorded consolidated revenue from operations of INR 2,440.01 crore during Q1 FY27.

What mattered most for margins or profitability?

The quarter's earnings absorbed depreciation and amortisation charges of INR 77.40 crore and minimal finance costs of INR 0.04 crore.

What changed operationally beyond the headline numbers?

The un-audited standalone and consolidated financial results for the quarter ended 30th June 2026 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29th July 2026.

What should the next disclosure help confirm?

Monitor subsequent exchange filings and financial disclosures for performance trends in upcoming quarters of FY27.

07 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

08 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Quarterly Disclosures: Monitor subsequent exchange filings and financial disclosures for performance trends in upcoming quarters of FY27.

  2. 02

    Upcoming Periodic Disclosures: Monitor subsequent quarterly filings and financial disclosures for operational performance trends and volume updates.

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Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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