Force Motors delivered exceptional financial performance in Q3, with consolidated net profit surging 252% year-on-year to ₹406.1 crore, compared with ₹115.3 crore in the same period last year. According to reports from The Economic Times, this dramatic profit increase was primarily driven by strong operating momentum and a one-off gain during the quarter. The company's revenue from operations rose 12.6% YoY to ₹2,128 crore in Q3, compared with ₹1,889.5 crore a year ago, driven by improved demand conditions and better realisations. On a sequential basis, net profit improved by 16%, marking the third straight quarter of growth in net profit and the second-best quarterly net profit after the ₹435 crore reported in Q4FY25.
The company demonstrated strong operational performance with EBITDA jumping 61.4% YoY to ₹373.8 crore from ₹231.6 crore in the year-ago quarter. As reported by The Economic Times, EBITDA margin expanded sharply to 17.5% from 12.3% a year earlier, reflecting improved cost efficiencies and stronger operating leverage. The margin improvement points to stronger fixed-cost absorption and a more favourable operating environment compared with the year-ago period. In the latest quarter, EBITDA grew 61.2% year-on-year to ₹374 crore while margins expanded sharply by 600 basis points to 18%, demonstrating the company's continued operational strength.
Force Motors recorded a one-time gain of ₹211 crore during the quarter, further boosting overall profitability. According to The Economic Times, this exceptional income significantly contributed to the company's exceptional profit growth. The growth was largely led by a sharp rise in other income, which jumped to ₹241 crore in Q3 from ₹20 crore in the year-ago quarter. The EBITDA growth of over 61% YoY underscores improved underlying operating performance, even excluding the impact of the one-off gain, demonstrating the company's strong operational fundamentals.
Force Motors shares extended their winning run to a fourth straight day on Thursday, February 5, surging 11% to hit the day's high of ₹22,200, even as the broader Indian stock market traded with deeper cuts. As reported by Live Mint, the stock crossed the ₹22,000 mark for the first time, triggered by the company's strong December-quarter performance. The stock has maintained a consistent winning streak, emerging as one of the biggest wealth creators with a bumper rally of 204% since February 2025. Over the longer term, the stock has surged nearly 9,760% from its 2013 trading price of ₹225 to trade at the current price of ₹22,200. During this period, it delivered multibagger returns in five years, with 2025 marking the best performance with a rally of 216%.
Force Motors has entered the list of the top 10 most-valued stocks on the Indian stock market, surpassing Hitachi Energy India, and is now the third-highest-priced stock in the auto sector, according to Trendlyne data. The rally has not only boosted the company's market capitalisation but has also multiplied the wealth of retail investors, who cumulatively owned a 26.1% stake in the company at the end of the December quarter. The consistent demand for shares on Dalal Street can be attributed to the company's improving performance with each passing quarter, driven by steady growth in sales, which has supported higher valuation multiples.
