Force Motors Q1 FY27 Results: Net Profit Rises 23% to Rs 217 Crore, Revenue Grows 6%

Key Highlights

• Consolidated net profit increased 22.8% to Rs 216.59 crore.

• Revenue from operations rose 6.2% to Rs 2,440.01 crore.

• Total income reached Rs 2,478.11 crore.

• Profit before tax improved to Rs 293.29 crore.

• Total expenses stood at Rs 2,189.66 crore, mainly due to higher raw material and employee costs.

• Standalone net profit came in at Rs 212.07 crore.

• Force Motors completed the acquisition of Veera Tanneries Private Limited, making it a wholly owned subsidiary.

Force Motors Limited has reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising nearly 23% year-on-year. The commercial vehicle manufacturer also recorded healthy revenue growth during the quarter and completed the acquisition of Veera Tanneries Private Limited, making it a wholly owned subsidiary.

Force Motors Q1 FY27 Financial Performance

For the quarter ended June 30, 2026, Force Motors posted a consolidated net profit of Rs 216.59 crore, up 22.8% from Rs 176.36 crore reported in the corresponding quarter of FY26.

The company's revenue from operations increased 6.2% year-on-year to Rs 2,440.01 crore, compared to Rs 2,297.25 crore in the same period last year.

Meanwhile, total consolidated income rose to Rs 2,478.11 crore, up from Rs 2,322.31 crore in Q1 FY26.

Expenses Increase on Higher Input Costs

Force Motors' total expenses for the quarter stood at Rs 2,189.66 crore, compared to Rs 2,035.64 crore in the year-ago period.

The increase in expenses was mainly due to:

• Raw material costs: Rs 1,749.03 crore

• Employee benefit expenses: Rs 195.12 crore

Despite higher costs, the company maintained healthy profitability during the quarter.

Profit Before Tax Improves

The company's profit before tax (PBT) increased to Rs 293.29 crore, compared to Rs 277.71 crore in the corresponding quarter of the previous financial year, reflecting improved operational performance.

Standalone Performance

On a standalone basis, Force Motors reported:

• Net Profit: Rs 212.07 crore

• Revenue from Operations: Rs 2,439.89 crore

The standalone results also reflected steady business growth during the quarter.

Veera Tanneries Becomes Wholly Owned Subsidiary

During Q1 FY27, Force Motors completed the acquisition of the entire equity shareholding of Veera Tanneries Private Limited through a Share Purchase Agreement dated April 23, 2026.

Following the acquisition, Veera Tanneries became a wholly owned subsidiary of Force Motors, and its operational results have been included in the company's consolidated financial statements for the quarter.

Also Read: SML Mahindra to Acquire Mahindra Truck & Bus Business for Rs 525 Crore, Creating Unified Commercial Vehicle Platform

CMV360 Says

Force Motors started FY27 on a strong note by delivering double-digit growth in net profit despite higher operating costs. The company also strengthened its corporate structure by acquiring Veera Tanneries as a wholly owned subsidiary. With steady revenue growth, improved profitability, and strategic expansion, Force Motors has made a positive beginning to the new financial year.