Force Motors Limited has announced the outcome of its Board Meeting held on October 28, 2026. The Board considered and approved the unaudited financial statements (standalone and consolidated) for the quarter and half-year ended September 30, 2026. The company also noted the Limited Review Reports from its Statutory Auditors. The financial statements and review reports are attached to the intimation letter.
Board Meeting Outcomes
Force Motors Limited convened a Board Meeting on Wednesday, October 28, 2026, to review and approve its financial performance. The meeting, which commenced at 02:52 p.m. and concluded at 04:20 p.m., saw the Board of Directors consider and approve key financial documents.
Financial Results Approved
The primary approvals included the Unaudited Financial Statements, both standalone and consolidated, for the quarter and half-year ended September 30, 2026. Additionally, the Board reviewed and approved the Limited Review Reports on these financial statements, as issued by the company’s Statutory Auditors. Copies of the approved financial statements and review reports have been attached with this intimation.
Key Financial Highlights (Standalone)
Quarter Ended September 30, 2026
- Total Income: ₹2,967.33 crore
- Total Expenses: ₹2,574.13 crore
- Profit Before Tax: ₹393.20 crore
- Net Profit: ₹291.44 crore
Half-Year Ended September 30, 2026
- Total Income: ₹5,445.28 crore
- Total Expenses: ₹4,763.23 crore
- Profit Before Tax: ₹682.05 crore
- Net Profit: ₹503.51 crore
Standalone Assets and Liabilities (as of September 30, 2026)
- Total Assets: ₹7,346.24 crore
- Total Equity: ₹4,700.66 crore
- Total Liabilities: ₹2,645.58 crore
Consolidated Financial Highlights
Quarter Ended September 30, 2026
- Total Income: ₹2,967.49 crore
- Total Expenses: ₹2,574.89 crore
- Profit Before Tax: ₹395.54 crore
- Net Profit: ₹293.91 crore
Half-Year Ended September 30, 2026
- Total Income: ₹5,445.60 crore
- Total Expenses: ₹4,764.55 crore
- Profit Before Tax: ₹688.83 crore
- Net Profit: ₹510.50 crore
Consolidated Assets and Liabilities (as of September 30, 2026)
- Total Assets: ₹7,286.02 crore
- Total Equity: ₹4,640.33 crore
- Total Liabilities: ₹2,645.69 crore
Notes on Financials
The financial results have undergone a limited review by the Statutory Auditors. The company completed the acquisition of Veera Tanneries Private Limited (VTPL) on April 23, 2026, making it a wholly-owned subsidiary. Accordingly, VTPL’s financial results have been consolidated, and prior period figures may not be comparable due to this acquisition.
The company has also adopted the new tax regime u/s 115BAA for the financial year 2025-26, which resulted in a one-time tax benefit. This makes the tax expense for Q2 and H1 of 2025-26 not comparable with the current financial year (2026-27).
Source: BSE
