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FORCE MOTORS
Quarterly Results Analysis [Mar2025]

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FORCE MOTORS Quarterly Results

Consolidated Mar2025
UnAudited
Dec2024
UnAudited
Sep2024
UnAudited
Jun2024
UnAudited
Mar2024
UnAudited
Dec2023
UnAudited
Sep2023
UnAudited
Jun2023
UnAudited
Revenues ₹2,356 Cr ₹1,889 Cr ₹1,941 Cr ₹1,885 Cr ₹2,011 Cr ₹1,692 Cr ₹1,802 Cr ₹1,488 Cr
Expenses ₹2,027 Cr ₹1,658 Cr ₹1,659 Cr ₹1,636 Cr ₹1,733 Cr ₹1,467 Cr ₹1,577 Cr ₹1,307 Cr
Operating Income ₹329 Cr ₹232 Cr ₹283 Cr ₹249 Cr ₹279 Cr ₹224 Cr ₹225 Cr ₹181 Cr
Other Income ₹18 Cr ₹15 Cr ₹9 Cr ₹15 Cr ₹15 Cr ₹4 Cr ₹9 Cr ₹11 Cr
Interest ₹7 Cr ₹4 Cr ₹5 Cr ₹9 Cr ₹14 Cr ₹14 Cr ₹16 Cr ₹18 Cr
Depreciation ₹72 Cr ₹71 Cr ₹69 Cr ₹69 Cr ₹68 Cr ₹68 Cr ₹67 Cr ₹63 Cr
Profit Before Tax ₹663 Cr ₹172 Cr ₹217 Cr ₹186 Cr ₹211 Cr ₹146 Cr ₹151 Cr ₹111 Cr
Profit After Tax ₹430 Cr ₹110 Cr ₹141 Cr ₹120 Cr ₹137 Cr ₹95 Cr ₹98 Cr ₹72 Cr
EPS ₹329.83 ₹87.49 ₹102.44 ₹87.78 ₹106.42 ₹64.80 ₹71.22 ₹52.02
Industry Peers & Returns1W1M1Y
FORCE MOTORS -1% 1.4% -6.3%
TATA MOTORS 5.9% -6.3% -33.6%
ASHOK LEYLAND 2.2% 6.8% 28.8%
OLECTRA GREENTECH -4.1% -5.6% -31.7%
SML ISUZU -10.5% -7.9% -21.9%

FORCE MOTORS Quarterly Revenues

Revenues
Q-o-Q

24.69 %

Y-o-Y

17.14 %

Quarters Revenues % Change
Mar2025 ₹2,356 Cr
24.69
Dec2024 ₹1,889 Cr
-2.67
Sep2024 ₹1,941 Cr
2.99
Jun2024 ₹1,885 Cr
-6.28
Mar2024 ₹2,011 Cr
18.89
Dec2023 ₹1,692 Cr
-6.10
Sep2023 ₹1,802 Cr
21.12
Jun2023 ₹1,488 Cr -

FORCE MOTORS Quarterly Operating Profit

Operating Profit
Q-o-Q

42.10 %

Y-o-Y

18.16 %

Quarters Operating Profit % Change
Mar2025 ₹329 Cr
42.10
Dec2024 ₹232 Cr
-18.02
Sep2024 ₹283 Cr
13.43
Jun2024 ₹249 Cr
-10.58
Mar2024 ₹279 Cr
24.12
Dec2023 ₹224 Cr
-0.21
Sep2023 ₹225 Cr
24.56
Jun2023 ₹181 Cr -
Operating Margins
Q-o-Q

13.95 %

Y-o-Y

0.87 %

Quarters Operating Margin% % Change
Mar2025 13.97%
13.95
Dec2024 12.26%
-15.80
Sep2024 14.56%
10.14
Jun2024 13.22%
-4.55
Mar2024 13.85%
4.37
Dec2023 13.27%
6.24
Sep2023 12.49%
2.88
Jun2023 12.14% -

FORCE MOTORS Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

290.13 %

Y-o-Y

214.11 %

Quarters Profit After Tax % Change
Mar2025 ₹430 Cr
290.13
Dec2024 ₹110 Cr
-21.75
Sep2024 ₹141 Cr
17.61
Jun2024 ₹120 Cr
-12.51
Mar2024 ₹137 Cr
44.25
Dec2023 ₹95 Cr
-3.56
Sep2023 ₹98 Cr
36.49
Jun2023 ₹72 Cr -
PAT Margins
Q-o-Q

212.86 %

Y-o-Y

168.24 %

Quarters PAT Margin(%) % Change
Mar2025 18.24 %
212.86
Dec2024 5.83 %
-19.59
Sep2024 7.25 %
14.17
Jun2024 6.35 %
-6.62
Mar2024 6.8 %
21.21
Dec2023 5.61 %
2.75
Sep2023 5.46 %
12.81
Jun2023 4.84 % -

FORCE MOTORS Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

276.99 %

Y-o-Y

209.93 %

Quarters EPS % Change
Mar2025 ₹329.83
276.99
Dec2024 ₹87.49
-14.59
Sep2024 ₹102.44
16.70
Jun2024 ₹87.78
-17.52
Mar2024 ₹106.42
64.23
Dec2023 ₹64.8
-9.01
Sep2023 ₹71.22
36.91
Jun2023 ₹52.02 -

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