Force Motors Ltd. - Q2 FY26 Financial Performance & Operational Highlights

Force Motors Ltd. has delivered a highly commendable performance for the second quarter of Fiscal Year 2026, ending September 30, 2025. The results demonstrate significant gains in profitability, driven by robust operational efficiency and steady top-line growth. Key Financial Highlights (Q2 FY26 vs. Q2 FY25) Exceptional Profit Growth: The company achieved a remarkable 160% year-on-year surge in net profit, which escalated to ₹350.6 crore from ₹135 crore in the prior-year period. This substantial increase highlights enhanced profitability and bottom-line focus. Steady Revenue Generation: Revenue from operations recorded consistent growth of 7.2%, reaching ₹2,081 crore compared to ₹1,941 crore in the corresponding quarter last year. This growth indicates sustained, healthy demand for our vehicle segments. Operational Excellence & Margin Expansion: The company's operating performance improved significantly. EBITDA: Climbed 28.3% YoY to ₹362.1 crore from ₹282.3 crore. EBITDA Margin: Expanded sharply by 290 basis points, reaching 17.4% compared to 14.5% in Q2 FY25. This critical expansion is a direct result of strategic initiatives enhancing cost efficiencies and achieving higher price realisations. Sustained Commercial Momentum The strong performance has continued post-quarter. The company reported a 32.1% year-on-year increase in total vehicle sales for October 2025 (2,835 units versus 2,146 units), underscoring robust demand and a strong start to Q3. In summary, the Q2 FY26 results underscore Force Motors' strong financial health, its ability to effectively manage costs, and its successful strategy in capitalizing on market demand. The company is well-positioned for continued value creation.