Force Motors, India’s largest van manufacturer and leading automotive company, today announced its financial results for the quarter and year ended March 31, 2026 (Q4 and FY 2025-26). The company reported its best ever full year financial performance on the back of consistent performance in each quarter, improved operating leverage and broad-based growth across all product segments. This year marks an important milestone in the journey of Force Motors, reflecting the focused, stable and disciplined business attitude of the company.
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The company has announced excellent financial performance for FY2026. In this, the annual revenue reached Rs 9,167 crore with a growth of 13%, and the annual EBITA grew by 39% to Rs 1,593 crore. Revenue for the fourth quarter stood at Rs 2,584 crore, up 9% over the same quarter last year. In terms of pre-tax profit, the company registered an impressive growth of 55% for the full year at Rs 1,304 crore, as against Rs 373 crore in the fourth quarter. The fourth quarter net profit was reported at Rs 274 crore which is -36% compared to the fourth quarter of the previous year, but the net profit for the full financial year stood at Rs 1,211 crore with an impressive growth of 51%. The company has maintained a strong CAGR of 30% on sales over the past four years. The most important thing is that the company has remained completely debt free, which shows the strong financial position of the company.
Functional Features of Financial Year 2025-26
In the financial year 2025-26, the company has delivered excellent operational performance across all sectors, registering a strong growth of 20 percent in total wholesale sales compared to the previous year. Retaining its undisputed dominance in the van segment, the ‘Traveller’ platform has consistently held over 70 per cent market share, while in the premium mobility segment, ‘Urbania’ has leapfrogged with over 100 per cent year-on-year growth. Focused on expanding into rural and semi-urban markets, the ‘Tracx’ platform has received great customer response, resulting in over 70 percent growth in the segment over the previous year. Besides, strengthening its grip in institutional and defense sectors, the company has successfully completed important orders for special purpose vehicles for the Indian Armed Forces, which is indicative of the company’s diversified manufacturing capabilities.
Commenting on this outstanding performance, Prasan Firodia, Managing Director, Force Motors Limited said, “Since our inception, we have been a pioneer in creating new segments. Now we lead the premium shared mobility segment with the strong presence of Urbania, while platforms like Traveler and Trax continue to expand and expand the company’s reach in the market. Also, with institutional and defense customers, Our collaborations reflect our technical engineering capabilities and our ability to serve in a challenging and ever-changing environment.
Financial year 2025-26 has been an unprecedented year in our journey, where consistent execution every quarter has translated into our strongest financial performance ever. This success has been driven by a focus on segments where we can lead and create new markets, as well as improved operating leverage and support for a more balanced product mix.
Looking ahead, we are focused on building the business with consistency and discipline. Strengthening our products, technology and innovation capabilities while aligning with customer needs will be key in our next phase of growth.”
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