Force Motors Q2 FY2026-27 revenue rises 41% to Rs 2,967 crore as new Traveller N Range and Urbania Deluxe gain traction
Force Motors reported 41% higher revenue of Rs 2,967 crore for the September quarter and 23% growth in first-half sales volumes as its new Traveller N Range and Urbania Deluxe vans gained traction.
- Rs 2,967 crore (+41% YoY)
- Rs 5,445 crore (+23% YoY)
- 23% vs H1 FY2025-26
- ~Rs 3,000 crore
What Happened
Force Motors announced results for the quarter and half year ended September 30, 2026, reporting standalone revenue of Rs 2,967 crore in Q2, up 41% year on year, and Rs 5,445 crore in H1, up 23%. EBITDA came in at Rs 476 crore for the quarter, up 23%, and Rs 842 crore for the half, up 13%, while profit before tax was Rs 393 crore in Q2, up 24%, and Rs 682 crore in H1, up 13%. Profit after tax fell 17% to Rs 291 crore in Q2 and 6% to Rs 504 crore in H1. The company said sales momentum strengthened significantly over the course of the quarter as it worked through the operational realignment required by the transition to the new Traveller N Range and Urbania Deluxe.
- Q2: Rs 2,967 crore (+41% YoY); H1: Rs 5,445 crore (+23% YoY)
- Q2: Rs 476 crore (+23%); H1: Rs 842 crore (+13%)
- Q2: Rs 291 crore (-17%); H1: Rs 504 crore (-6%)
23%
Total sales volumes grew 23% year on year in H1 FY2026-27, with momentum picking up over the last two months of the period.
The company cautioned that profit after tax and earnings per share are not comparable with the prior year. Force Motors opted for the new tax regime under section 115BAA of the Income Tax Act, 1961 in the second quarter of FY2025-26, and consequently recognised a one-time benefit of Rs 85.46 crore in tax expense from deferred tax and MAT credit, which flatters the Q2 and H1 FY2025-26 comparatives. On the balance sheet, the company said it continues to maintain a zero-debt position, with total debt nil, and reported a sales CAGR of 30% over four years.
“The first half of FY2026-27 has been a period of transition and renewed momentum for Force Motors. While this involved a period of operational adjustment, our strong manufacturing capabilities and the efforts of our teams helped us regain momentum, with volumes picking up significantly over the last two months. The response to both new products has been encouraging, and with a healthy order pipeline as we approach the festive season, we are optimistic about the months ahead.”
- Traveller N Range
- Urbania Deluxe
- Trax
- Monobus
- Specialised vehicles
Firodia said the company is investing for the long term, with a planned investment of approximately Rs 3,000 crore to strengthen manufacturing capabilities and expand capacity, supporting an ambition of nearly doubling output to around 80,000 vehicles. Force Motors also intends to expand its electric mobility offerings with the launch of the Traveller EV range. Separately, initiatives such as Project DigiForce are aimed at improving customer engagement, strengthening the dealer network and making operations more efficient, and the company said its focus for the second half is on meeting demand and building on the response to its new products.
Previously from Force Motors
Force Motors launched the New Urbania Deluxe in July 2026, an upgraded shared-mobility van with a more powerful Mercedes-derived diesel engine, premium interiors and enhanced safety. In August 2026 its domestic wholesales jumped 62% year on year to 3,721 units from 2,295, helped by the new Traveller N and Urbania Deluxe vans. In the June quarter of FY27, the company reported a 22.8% rise in consolidated net profit, with operating revenue up 6.2% and passing Rs 2,440 crore.
- Force Motors launches New Urbania Deluxe van with upgraded diesel engine and premium interior
- Force Motors Domestic Wholesales Jump 62% in August 2026 to 3,721 Units
- Force Motors lifts Q1 FY27 profit 23% as revenue passes Rs 2,440 crore
Background drawn from MotorClaw's earlier coverage of Force Motors's official releases.
Why this matters
The results show Force Motors regaining momentum after the operational disruption of switching its van lineup to the new Traveller N Range and Urbania Deluxe, with first-half volumes up 23%. A zero-debt balance sheet and a planned investment of about Rs 3,000 crore to nearly double output to around 80,000 vehicles point to capacity expansion that affects suppliers, dealers and workers, while a planned Traveller EV range signals future electric options for shared-mobility operators.
Terms in This Story
- EBITDA
- Earnings before interest, tax, depreciation and amortisation — a common measure of a company's operating profitability before financing costs and accounting charges.
- Profit After Tax (PAT)
- The profit a company keeps after all expenses and taxes are deducted; often called net profit.
- Monocoque
- A body structure in which the chassis and body form a single shell rather than a separate frame, typically to save weight and improve stiffness.
- Shared mobility
- Transport in which passengers share a vehicle, such as vans, buses and pooled ride services.
Summarised from the linked release; details can be imperfect — always verify against the original source.