Force Motors Limited share price soared 10% during Thursday’s trading session, following a robust third-quarter (Q3) performance. The rally comes on the back of a substantial increase in profitability, driven by strong operational performance and a one-time exceptional gain during the period.
Force Motors posted a consolidated net profit of ₹406.15 crore for Q3 FY26, up a remarkable 252% from ₹115.34 crore in the same quarter last year. Revenue from operations grew 12.6% year-on-year, reaching ₹2,128.56 crore compared with ₹1,889.49 crore in Q3 FY25.
Additionally, a one-time gain of ₹211 crore further bolstered the quarter’s profitability.
For the nine months ended December 31, 2025, Force Motors reported a consolidated revenue from operations of ₹6,507.21 crore, up 13.9% year-on-year from ₹5,715.72 crore in the same period last year. Consolidated net profit rose sharply to ₹933.21 crore, a remarkable 155% increase compared with ₹366.12 crore a year ago.
Force Motors’ sales continued to grow steadily in January 2026, with total units sold reaching 3,764, a 4.64% increase from 3,597 units in January 2025. Domestic sales across small commercial vehicles (SCV), light commercial vehicles (LCV), utility vehicles (UV), and SUVs stood at 3,665 units, up 4.92% from 3,493 units in the same period last year.
However, exports for the month slightly declined, totaling 99 units compared with 104 units in January 2025, marking a 4.81% YoY drop. The modest decrease in exports was offset by strong domestic demand and improved realisations.
In addition to its strong Q3 performance, Force Motors announced that its Board of Directors has given in-principle approval to explore the acquisition of 100% shares in Veera Tanneries Private Limited (VTPL). VTPL, incorporated in 1978, operates in the tannery sector, manufacturing chrome-free organic leather. The acquisition aims to secure the land bank of VTPL to support Force Motors’ future expansion plans.
The acquisition is expected to be completed by March 31, 2026, with consideration payable in cash. The cost of acquisition and other terms will be finalised after due diligence. VTPL has a paid-up share capital of ₹2.51 lakh and reported a turnover of ₹36.02 lakh in FY25. The company operates solely in India.
On Thursday, the share price of Force Motors jumped over 10% after the announcement of the third quarter results. As of 12:12 pm, the stock price was trading at ₹21,280 per share, up by 6.03%. The stock has given returns of 213.88% in the last year, while inthe last 3 years it has given multibagger returns of 1,361.64%.
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