Force Motors Limited announced the approval of its un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors, following a meeting on October 28, 2026, also reviewed the reports from the statutory auditors. The approved results and review reports are attached to the disclosure.
Force Motors Board Approves Financial Results
The Board of Directors of Force Motors Limited met on Wednesday, October 28, 2026, to consider and approve key financial statements. The primary outcomes of the meeting included the approval of the un-audited financial statements, both standalone and consolidated, for the quarter and half-year ending September 30, 2026. This significant step provides investors and stakeholders with updated financial performance data for the period.
Auditor Reports Included
In addition to the financial statements, the Board also approved the Limited Review Reports issued by the company’s statutory auditors. These reports pertain to the aforementioned unaudited standalone and consolidated financial results. Copies of both the financial statements and the auditors’ review reports have been attached to the disclosure for comprehensive stakeholder information.
Meeting Details
The meeting of the Board of Directors commenced at 02:52 p.m. and concluded at 04:20 p.m. on October 28, 2026. The company has ensured timely dissemination of this crucial financial information as per regulatory requirements.
Key Financial Highlights (Standalone Results – Q2 FY27 vs Q2 FY26)
Revenue and Profitability
For the quarter ended September 30, 2026, Force Motors reported a Revenue from Operations of ₹2,924.54 crore, compared to ₹2,081.27 crore in the same period of the previous year (FY26). This represents a substantial increase in top-line performance. The Profit/Loss Before Tax for the quarter stood at ₹393.20 crore, a significant rise from ₹315.95 crore in the prior year’s comparable quarter.
Net Profit
The company’s Net Profit/Loss for the period (after tax) for the quarter ended September 30, 2026, was ₹291.44 crore, up from ₹349.51 crore in the previous year’s quarter. This figure reflects the overall profitability of the company after accounting for all expenses and taxes.
Half-Yearly Performance (H1 FY27 vs H1 FY26)
For the half-year ended September 30, 2026, Revenue from Operations reached ₹5,364.43 crore, a notable increase from ₹4,378.39 crore in the same period of FY26. The Profit/Loss Before Tax for the half-year was ₹682.05 crore, up from ₹602.49 crore in the previous year. Consequently, the Net Profit/Loss for the period for H1 FY27 was ₹503.51 crore, compared to ₹534.73 crore in H1 FY26.
Earnings Per Share (EPS)
The Basic and Diluted Earnings Per Share (not annualised) for the quarter ended September 30, 2026, was ₹221.18, an increase from ₹265.26 in the corresponding quarter of the previous year. For the half-year ended September 30, 2026, EPS stood at ₹382.13, down from ₹405.83 in the same period last year.
Acquisition of Veera Tanneries Private Limited
A significant note from the company’s disclosures highlights the completion of the acquisition of entire equity shares of Veera Tanneries Private Limited (VTPL). This acquisition, finalized via a Share Purchase Agreement dated April 23, 2026, has made VTPL a wholly-owned subsidiary. Consequently, VTPL’s financial results have been consolidated as per applicable accounting standards. This transaction is noted as an ‘asset acquisition’, with the cost allocated based on fair values at the acquisition date, impacting the comparability of previous period figures.
Source: BSE
