FORCEMOT
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Force Motors Domestic Sales Increased By 48.72% Y/Y In December 2025
Jan 1 (Reuters) - Force Motors Ltd FORC.NS:
DOMESTIC SALES INCREASED BY 48.72% Y/Y IN DECEMBER 2025
TOTAL SALES INCREASED BY 49.70% Y/Y IN DECEMBER 2025
Source text: ID:nBSE8QFsj0
Further company coverage: FORC.NS
(([email protected];;))
Jan 1 (Reuters) - Force Motors Ltd FORC.NS:
DOMESTIC SALES INCREASED BY 48.72% Y/Y IN DECEMBER 2025
TOTAL SALES INCREASED BY 49.70% Y/Y IN DECEMBER 2025
Source text: ID:nBSE8QFsj0
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Says Domestic Sales In October 2025 Up 35.36% To 2,710 Units
Nov 4 (Reuters) - Force Motors Ltd FORC.NS:
DOMESTIC SALES IN OCTOBER 2025 UP 35.36% TO 2,710 UNITS
Source text: ID:nBSE6BJyjH
Further company coverage: FORC.NS
(([email protected];))
Nov 4 (Reuters) - Force Motors Ltd FORC.NS:
DOMESTIC SALES IN OCTOBER 2025 UP 35.36% TO 2,710 UNITS
Source text: ID:nBSE6BJyjH
Further company coverage: FORC.NS
(([email protected];))
Force Motors Total Sales For Aug Rises 4.5% Y/Y
Sept 3 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - TOTAL SALES FOR AUG RISES 4.5% Y/Y
Source text: ID:nBSEbtby92
Further company coverage: FORC.NS
(([email protected];;))
Sept 3 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - TOTAL SALES FOR AUG RISES 4.5% Y/Y
Source text: ID:nBSEbtby92
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors logs quarterly profit jump on strong demand for vans (July 23)
Corrects paragraph 1 in July 23 article to say profit rose 55%, not 52%
July 23 (Reuters) - India's Force Motors FORC.NS clocked an about 55% jump in first-quarter profit, on the back of strong demand for its multi-seater vans.
The 'Traveller' van manufacturer reported a profit of 1.85 billion rupees ($21.4 million) for the April-June period, up from 1.2 billion rupees in the year-ago period.
Quarterly revenue jumped about 22% to 22.97 billion rupees, helped by a roughly 19% growth in its sales volume.
Force Motors' vehicles are also used as school buses and ambulances. It is also a contract manufacturer of engines for BMW BMWG.DE and Mercedes Benz MBGn.DE cars in India.
($1 = 86.3510 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Shailesh Kuber)
(([email protected]; Mobile: +91 9591011727;))
Corrects paragraph 1 in July 23 article to say profit rose 55%, not 52%
July 23 (Reuters) - India's Force Motors FORC.NS clocked an about 55% jump in first-quarter profit, on the back of strong demand for its multi-seater vans.
The 'Traveller' van manufacturer reported a profit of 1.85 billion rupees ($21.4 million) for the April-June period, up from 1.2 billion rupees in the year-ago period.
Quarterly revenue jumped about 22% to 22.97 billion rupees, helped by a roughly 19% growth in its sales volume.
Force Motors' vehicles are also used as school buses and ambulances. It is also a contract manufacturer of engines for BMW BMWG.DE and Mercedes Benz MBGn.DE cars in India.
($1 = 86.3510 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Shailesh Kuber)
(([email protected]; Mobile: +91 9591011727;))
Force Motors Q1 Consol Net Profit 1.76 Billion Rupees
July 23 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS Q1 CONSOL NET PROFIT 1.76 BILLION RUPEES
FORCE MOTORS Q1 CONSOL REVENUE FROM OPERATIONS 22.97 BILLION RUPEES
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];;))
July 23 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS Q1 CONSOL NET PROFIT 1.76 BILLION RUPEES
FORCE MOTORS Q1 CONSOL REVENUE FROM OPERATIONS 22.97 BILLION RUPEES
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Says High Court Of Bombay Has Set Aside Tax Notice
July 11 (Reuters) - Force Motors Ltd FORC.NS:
HIGH COURT OF BOMBAY HAS SET ASIDE TAX NOTICE
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];;))
July 11 (Reuters) - Force Motors Ltd FORC.NS:
HIGH COURT OF BOMBAY HAS SET ASIDE TAX NOTICE
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Total Sales Increase 13.16% In June 2025
July 3 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - TOTAL SALES INCREASE 13.16% IN JUNE 2025
Source text: ID:nBSE7mk1lK
Further company coverage: FORC.NS
(([email protected];;))
July 3 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - TOTAL SALES INCREASE 13.16% IN JUNE 2025
Source text: ID:nBSE7mk1lK
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Names Sanjay Kumar Bohra As CFO
June 9 (Reuters) - Force Motors Ltd FORC.NS:
RESIGNATION OF SANJAY KUMAR BOHRA AS CHIEF FINANCIAL OFFICER
NAMES RISHI LUHARUKA AS CHIEF FINANCIAL OFFICER
Further company coverage: FORC.NS
(([email protected];))
June 9 (Reuters) - Force Motors Ltd FORC.NS:
RESIGNATION OF SANJAY KUMAR BOHRA AS CHIEF FINANCIAL OFFICER
NAMES RISHI LUHARUKA AS CHIEF FINANCIAL OFFICER
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors rise after May sales jump
** Force Motors shares FORC.NS up 1% to 12,455; earlier rose as much as 4.1% to record high of 12,835 rupees
** Auto maker's total sales in May rise 19.1% Y/Y to 3,088 units; domestic sales surge 24.5%, while exports fall 52.2%
** FORC up nearly 94% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Force Motors shares FORC.NS up 1% to 12,455; earlier rose as much as 4.1% to record high of 12,835 rupees
** Auto maker's total sales in May rise 19.1% Y/Y to 3,088 units; domestic sales surge 24.5%, while exports fall 52.2%
** FORC up nearly 94% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Force Motors May Total Sales At 3,088 Units
June 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - MAY TOTAL SALES AT 3,088 UNITS
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
June 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - MAY TOTAL SALES AT 3,088 UNITS
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors hits record high after monthly sales surge
** Shares of Force Motors FORC.NS climb as much as 5.3% to a record high of 10,598.5 rupees, last up 1.8%
** Automaker reported 41.5% y/y increase in domestic sales in April, while total sales rose 24% y/y
** About 238,500 shares traded, 2.1x the 30-day avg
** Stock up ~55% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Force Motors FORC.NS climb as much as 5.3% to a record high of 10,598.5 rupees, last up 1.8%
** Automaker reported 41.5% y/y increase in domestic sales in April, while total sales rose 24% y/y
** About 238,500 shares traded, 2.1x the 30-day avg
** Stock up ~55% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Force Motors hits near 9-month high after Q4 profit rises
** Shares of Force Motors FORC.NS rise as much as 4.8% to 9,601 rupees, highest since July 30
** Co on Friday reported 27.5% Y/Y rise in Q4 consol profit before exceptional items while rev from ops rose 17.1% Y/Y
** Co recorded a one-off income of 3.95 bln rupees ($46.3 mln) from government incentives
** Declares dividend of 40 rupees/shr for FY 2024-25
** Stock is witnessing its most active trading session since Oct. 31 with more than 353,000 shares change hands, 4.9x of 30-day avg
** Stock up 41.2% YTD
($1 = 85.2810 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Force Motors FORC.NS rise as much as 4.8% to 9,601 rupees, highest since July 30
** Co on Friday reported 27.5% Y/Y rise in Q4 consol profit before exceptional items while rev from ops rose 17.1% Y/Y
** Co recorded a one-off income of 3.95 bln rupees ($46.3 mln) from government incentives
** Declares dividend of 40 rupees/shr for FY 2024-25
** Stock is witnessing its most active trading session since Oct. 31 with more than 353,000 shares change hands, 4.9x of 30-day avg
** Stock up 41.2% YTD
($1 = 85.2810 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
India's Force Motors posts higher quarterly profit on strong demand, one-off gain
April 25 (Reuters) - Indian automaker Force Motors FORC.NS on Friday reported a more than three-fold rise in fourth-quarter profit due to higher sales of its multi-seater vans, which are also used as school buses and ambulances, as well as a one-off gain.
The company, which makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, posted a consolidated net profit of 4.35 billion rupees ($50.96 million) in the quarter ended March 31, compared with 1.4 billion rupees a year ago.
Forces Motors' quarterly profit before exceptional items and tax rose 27.5% to 2.73 billion rupees from a year ago.
It recorded a one-off income of 3.95 billion rupees from government incentives.
Meanwhile, the company's total sales rose 19.5% in the fourth quarter.
Increased government spending and buoyant passenger carrier demand, which includes a majority of Forces Motors' fleet, helped the sale of commercial vehicles in the country, an industry body said.
The company gets about 56% of its turnover from commercial vehicle sales and the rest comes from contract engine manufacturing, according to its last annual report.
Its revenue from operations increased 17.1% to 23.56 billion rupees in the fourth quarter, while total expenses grew 16% to 21.06 billion rupees, led by an 11.7% growth in cost of materials consumed.
Forces Motors' shares closed 1.2% lower before the company reported its quarterly results. The stock rose about 38.9% in the three months ended March 31.
($1 = 85.3620 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala and Shreya Biswas)
(([email protected]; +91 8921483410;))
April 25 (Reuters) - Indian automaker Force Motors FORC.NS on Friday reported a more than three-fold rise in fourth-quarter profit due to higher sales of its multi-seater vans, which are also used as school buses and ambulances, as well as a one-off gain.
The company, which makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, posted a consolidated net profit of 4.35 billion rupees ($50.96 million) in the quarter ended March 31, compared with 1.4 billion rupees a year ago.
Forces Motors' quarterly profit before exceptional items and tax rose 27.5% to 2.73 billion rupees from a year ago.
It recorded a one-off income of 3.95 billion rupees from government incentives.
Meanwhile, the company's total sales rose 19.5% in the fourth quarter.
Increased government spending and buoyant passenger carrier demand, which includes a majority of Forces Motors' fleet, helped the sale of commercial vehicles in the country, an industry body said.
The company gets about 56% of its turnover from commercial vehicle sales and the rest comes from contract engine manufacturing, according to its last annual report.
Its revenue from operations increased 17.1% to 23.56 billion rupees in the fourth quarter, while total expenses grew 16% to 21.06 billion rupees, led by an 11.7% growth in cost of materials consumed.
Forces Motors' shares closed 1.2% lower before the company reported its quarterly results. The stock rose about 38.9% in the three months ended March 31.
($1 = 85.3620 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala and Shreya Biswas)
(([email protected]; +91 8921483410;))
Force Motors Domestic Sales Up 11.02% In March 2025
April 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES UP 11.02% IN MARCH 2025
FORCE MOTORS LTD - TOTAL SALES UP 0.87% Y/Y IN MARCH 2025
Source text: ID:nBSEDxLgC
Further company coverage: FORC.NS
(([email protected];))
April 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES UP 11.02% IN MARCH 2025
FORCE MOTORS LTD - TOTAL SALES UP 0.87% Y/Y IN MARCH 2025
Source text: ID:nBSEDxLgC
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors rises after winning defence order
** Shares of Force Motors FORC.NS jump 4% to 9,140 rupees
** Utility vehicles maker bags order for 2,978 units of Force Gurkha light vehicles from Indian defence
** FORC did not disclose the financial details of the order
** Stock set to gain for third straight session
** FORC up ~41% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Force Motors FORC.NS jump 4% to 9,140 rupees
** Utility vehicles maker bags order for 2,978 units of Force Gurkha light vehicles from Indian defence
** FORC did not disclose the financial details of the order
** Stock set to gain for third straight session
** FORC up ~41% YTD
(Reporting by Vijay Malkar)
(([email protected];))
India Government Inks 25 Billion Rupees Defence Contracts With Mahindra And Mahindra, Force Motors, Armoured Vehicle Nigam Ltd
March 27 (Reuters) - Force Motors Ltd FORC.NS:
INDIA GOVERNMENT: INKS 25 BILLION RUPEES CONTRACTS WITH MAHINDRA AND MAHINDRA, FORCE MOTORS FOR 5,000 LIGHT VEHICLES
INDIA GOVERNMENT: 25 BILLION RUPEES CONTRACTS INCLUDE ANOTHER CONTRACT WITH ARMOURED VEHICLE NIGAM LIMITED FOR ANTI-TANK WEAPON PLATFORM
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
March 27 (Reuters) - Force Motors Ltd FORC.NS:
INDIA GOVERNMENT: INKS 25 BILLION RUPEES CONTRACTS WITH MAHINDRA AND MAHINDRA, FORCE MOTORS FOR 5,000 LIGHT VEHICLES
INDIA GOVERNMENT: 25 BILLION RUPEES CONTRACTS INCLUDE ANOTHER CONTRACT WITH ARMOURED VEHICLE NIGAM LIMITED FOR ANTI-TANK WEAPON PLATFORM
Source text: [ID:]
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors gains on Feb sales surge
** Force Motors' FORC.NS shares rises 3% to 7,365 rupees, their highest in over two months
** Automobile co's Feb. 2025 sales grows 46.3% Y/Y to 3,600 units
** Shares trading above 50-,100- day moving avgs
** Set for fourth straight day of gains, if trend sustains
** Stock up 12.5% so far this year, continuing a 94% climb from 2024
(Reporting by Aleef Jahan in Bengaluru)
** Force Motors' FORC.NS shares rises 3% to 7,365 rupees, their highest in over two months
** Automobile co's Feb. 2025 sales grows 46.3% Y/Y to 3,600 units
** Shares trading above 50-,100- day moving avgs
** Set for fourth straight day of gains, if trend sustains
** Stock up 12.5% so far this year, continuing a 94% climb from 2024
(Reporting by Aleef Jahan in Bengaluru)
Force Motors Domestic Sales Of SCV, LCV, UV, SUV Up 48.81% In February 2025
March 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES OF SCV, LCV, UV, SUV UP 48.81% IN FEBRUARY 2025
Source text: ID:nBSE5py85z
Further company coverage: FORC.NS
(([email protected];;))
March 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - DOMESTIC SALES OF SCV, LCV, UV, SUV UP 48.81% IN FEBRUARY 2025
Source text: ID:nBSE5py85z
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Q3 Consol Net Profit 1.15 Billion Rupees
Feb 10 (Reuters) - Force Motors Ltd FORC.NS:
Q3 CONSOL NET PROFIT 1.15 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 18.89 BILLION RUPEES
Source text: ID:nBSE84wFdS
Further company coverage: FORC.NS
(([email protected];))
Feb 10 (Reuters) - Force Motors Ltd FORC.NS:
Q3 CONSOL NET PROFIT 1.15 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 18.89 BILLION RUPEES
Source text: ID:nBSE84wFdS
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors jumps on monthly sales rise in Jan
** Shares of India's Force Motors FORC.NS jump 6% to 6780 rupees, set for best day in a month
** Automaker's monthly sales for January climbed 20.3% y/y
** Trading vols 91,000 shares vs 30-day avg of 37,400 shares
** Stock has risen 4% this year so far
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Force Motors FORC.NS jump 6% to 6780 rupees, set for best day in a month
** Automaker's monthly sales for January climbed 20.3% y/y
** Trading vols 91,000 shares vs 30-day avg of 37,400 shares
** Stock has risen 4% this year so far
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Force Motors Says Total Sale In December Down 18.07% Y/Y
Jan 3 (Reuters) - Force Motors Ltd FORC.NS:
TOTAL SALE IN DECEMBER DOWN 18.07% Y/Y
Source text: ID:nBSE48MjpQ
Further company coverage: FORC.NS
(([email protected];;))
Jan 3 (Reuters) - Force Motors Ltd FORC.NS:
TOTAL SALE IN DECEMBER DOWN 18.07% Y/Y
Source text: ID:nBSE48MjpQ
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors jumps on ambulance order from state health department
** Shares of Force Motors FORC.NS rise 12% to 7,414 rupees, their highest pct gain since early Nov. 2024
** Automaker gets an order for supply of 2,429 units of ambulance to Uttar Pradesh health department
** FORC to rise for third straight session, gaining ~15% in the period
** Stock rose ~94% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Force Motors FORC.NS rise 12% to 7,414 rupees, their highest pct gain since early Nov. 2024
** Automaker gets an order for supply of 2,429 units of ambulance to Uttar Pradesh health department
** FORC to rise for third straight session, gaining ~15% in the period
** Stock rose ~94% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Force Motors Says Nov Total Sales Up 0.05% Y/Y
Dec 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - NOV TOTAL SALES UP 0.05% Y/Y
Source text: ID:nBSE96V1W
Further company coverage: FORC.NS
(([email protected];))
Dec 4 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS LTD - NOV TOTAL SALES UP 0.05% Y/Y
Source text: ID:nBSE96V1W
Further company coverage: FORC.NS
(([email protected];))
Force Motors Q2 Consol Net Profit 1.35 Bln Rupees
Oct 29 (Reuters) - Force Motors Ltd FORC.NS:
Q2 CONSOL NET PROFIT 1.35 BILLION RUPEES
Q2 CONSOL REVENUE FROM OPERATIONS 19.41 BILLION RUPEES
Source text: ID:nBSE1nKBm8
Further company coverage: FORC.NS
(([email protected];;))
Oct 29 (Reuters) - Force Motors Ltd FORC.NS:
Q2 CONSOL NET PROFIT 1.35 BILLION RUPEES
Q2 CONSOL REVENUE FROM OPERATIONS 19.41 BILLION RUPEES
Source text: ID:nBSE1nKBm8
Further company coverage: FORC.NS
(([email protected];;))
Force Motors Enters Power Delivery Agreement For Procurement Of Solar Power From A Solar Plant
Oct 7 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS- ENTERS POWER DELIVERY AGREEMENT FOR PROCUREMENT OF SOLAR POWER FROM A SOLAR PLANT
FORCE MOTORS - ACQUIRED SHARES OF TP SURYA FOR 26.8 MILLION RUPEES
Source text for Eikon: ID:nBSEc5nBhk
Further company coverage: FORC.NS
(([email protected];))
Oct 7 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS- ENTERS POWER DELIVERY AGREEMENT FOR PROCUREMENT OF SOLAR POWER FROM A SOLAR PLANT
FORCE MOTORS - ACQUIRED SHARES OF TP SURYA FOR 26.8 MILLION RUPEES
Source text for Eikon: ID:nBSEc5nBhk
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors falls on drop in sales in August
** Shares of auto maker Force Motors FORC.NS shed 2.8% to 7,778.5 rupees apiece
** Auto and auto components maker logs a drop in total sales in domestic and export markets in August
** FORC sees 23.82% year-on-year drop in total sales in August to 2,299 units from 3,018 units
** Domestic sales across small- (SCV), light commercial vehicles (LCV) and utility vehicles (UV) down 8.11% in August, exports down 78.37%
** FORC shares up 132.2% this year so far - Exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of auto maker Force Motors FORC.NS shed 2.8% to 7,778.5 rupees apiece
** Auto and auto components maker logs a drop in total sales in domestic and export markets in August
** FORC sees 23.82% year-on-year drop in total sales in August to 2,299 units from 3,018 units
** Domestic sales across small- (SCV), light commercial vehicles (LCV) and utility vehicles (UV) down 8.11% in August, exports down 78.37%
** FORC shares up 132.2% this year so far - Exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Force Motors Aug Total Domestic Sales 2,153 Units Versus 2,343 Units Year Ago
Sept 5 (Reuters) - Force Motors Ltd FORC.NS:
AUG TOTAL DOMESTIC SALES 2,153 UNITS VERSUS 2,343 UNITS YEAR AGO
AUG TOTAL SCV, LCV, UV SALES DOWN 23.82% Y/Y
Source text for Eikon: ID:nBSE6bd5nr
Further company coverage: FORC.NS
(([email protected];;))
Sept 5 (Reuters) - Force Motors Ltd FORC.NS:
AUG TOTAL DOMESTIC SALES 2,153 UNITS VERSUS 2,343 UNITS YEAR AGO
AUG TOTAL SCV, LCV, UV SALES DOWN 23.82% Y/Y
Source text for Eikon: ID:nBSE6bd5nr
Further company coverage: FORC.NS
(([email protected];;))
India's Force Motors' Q1 profit jumps 69% on increasing demand
BENGALURU, July 30 (Reuters) - Indian automaker Force Motors FORC.NS reported a 69% rise in quarterly profit on Tuesday as it benefitted from increasing demand, boosting its shares 10%.
The company, which also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, said its consolidated net profit rose to 1.16 billion rupees (about $14 million) in the April-June quarter, from 685.6 million rupees a year earlier.
Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27% rise in revenue to 18.85 billion rupees during the quarter, driven by a 10% jump in sales volumes.
CV sales are often viewed as an indicator of economic activity in India.
CV manufacturers reported a 3.5% rise in sales in the April-June period, defying market expectations, with analysts expecting a decline in sales due to India's general elections during the quarter.
Economic growth, favourable government policies and a likely good monsoon are expected to fuel demand in the CV sector in fiscal 2025, according to an industry body.
($1 = 83.7250 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
BENGALURU, July 30 (Reuters) - Indian automaker Force Motors FORC.NS reported a 69% rise in quarterly profit on Tuesday as it benefitted from increasing demand, boosting its shares 10%.
The company, which also makes engines for BMW BMWG.DE and Mercedes MBGn.DE cars in India, said its consolidated net profit rose to 1.16 billion rupees (about $14 million) in the April-June quarter, from 685.6 million rupees a year earlier.
Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27% rise in revenue to 18.85 billion rupees during the quarter, driven by a 10% jump in sales volumes.
CV sales are often viewed as an indicator of economic activity in India.
CV manufacturers reported a 3.5% rise in sales in the April-June period, defying market expectations, with analysts expecting a decline in sales due to India's general elections during the quarter.
Economic growth, favourable government policies and a likely good monsoon are expected to fuel demand in the CV sector in fiscal 2025, according to an industry body.
($1 = 83.7250 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
Force Motors June Domestic Sales Of Scv, Lcv, Uv Rises 12.66% Y/Y
July 2 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - JUNE DOMESTIC SALES OF SCV, LCV, UV RISES 12.66% Y/Y
Source text for Eikon: ID:nNSE1ddkY7
Further company coverage: FORC.NS
(([email protected];))
July 2 (Reuters) - Force Motors Ltd FORC.NS:
FORCE MOTORS - JUNE DOMESTIC SALES OF SCV, LCV, UV RISES 12.66% Y/Y
Source text for Eikon: ID:nNSE1ddkY7
Further company coverage: FORC.NS
(([email protected];))
India's Force Motors up on monthly sales rise
** Shares of Force Motors FORC.NS rise as much as 2.4% to 8,590 rupees; last up 1.8%
** The automaker's total domestic vehicle sales in May rose 13.9% y/y
** Including session's gains, stock is up over 155% YTD vs a 31% rise in the Nifty auto index .NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Force Motors FORC.NS rise as much as 2.4% to 8,590 rupees; last up 1.8%
** The automaker's total domestic vehicle sales in May rose 13.9% y/y
** Including session's gains, stock is up over 155% YTD vs a 31% rise in the Nifty auto index .NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
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What does Force Motors do?
Force Motors Ltd is a fully integrated automobile company offering a wide range of products including tractors, three wheelers, light commercial vehicles, multi-utility vehicles, and heavy commercial vehicles.
Who are the competitors of Force Motors?
Force Motors major competitors are Olectra Greentech, SML Mahindra, Ashok Leyland. Market Cap of Force Motors is ₹24,657 Crs. While the median market cap of its peers are ₹9,493 Crs.
Is Force Motors financially stable compared to its competitors?
Force Motors seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Force Motors pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Force Motors latest dividend payout ratio is 6.58% and 3yr average dividend payout ratio is 7.75%
How has Force Motors allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Force Motors balance sheet?
Balance sheet of Force Motors is strong. But short term working capital might become an issue for this company.
Is the profitablity of Force Motors improving?
Yes, profit is increasing. The profit of Force Motors is ₹1,075 Crs for TTM, ₹801 Crs for Mar 2025 and ₹388 Crs for Mar 2024.
Is the debt of Force Motors increasing or decreasing?
Yes, The net debt of Force Motors is increasing. Latest net debt of Force Motors is -₹504.87 Crs as of Sep-25. This is greater than Mar-25 when it was -₹997.35 Crs.
Is Force Motors stock expensive?
Force Motors is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Force Motors is 22.89, while 3 year average PE is 13.02. Also latest EV/EBITDA of Force Motors is 19.23 while 3yr average is 20.85.
Has the share price of Force Motors grown faster than its competition?
Force Motors has given better returns compared to its competitors. Force Motors has grown at ~20.43% over the last 10yrs while peers have grown at a median rate of 15.09%
Is the promoter bullish about Force Motors?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Force Motors is 61.63% and last quarter promoter holding is 61.63%.
Are mutual funds buying/selling Force Motors?
The mutual fund holding of Force Motors is increasing. The current mutual fund holding in Force Motors is 0.72% while previous quarter holding is 0.65%.
