Force Motors Reports Best-Ever Q3 Performance with Record EBITDA and Profit Margins
Force Motors reported record EBITDA and profit margins for Q3 FY2025-26, with revenue up 13% to ₹2,155 crore and PAT up 266% to ₹403 crore.
- ₹2,155 crore
- ₹401 crore
- ₹403 crore
What Happened
Force Motors Limited, India's largest van manufacturer, announced its financial results for the quarter ended December 31, 2025 (Q3 FY2025-26). The company reported record EBITDA and profit margins, surpassing previous quarters, driven by robust demand across its product portfolio and improved operating leverage.
- Revenue: ₹2,155 crore (up 13% YoY)
- EBITDA: ₹401 crore (up 63% YoY)
- Profit Before Tax (before exceptional): ₹328 crore (up 91% YoY)
- Profit After Tax (after exceptional): ₹403 crore (up 266% YoY)
- Zero debt maintained
“The performance in the third quarter reflects steady demand across our core product segments and improved operating leverage as volumes have scaled through the year. Growth has been broad-based, supported by continued traction in shared mobility, defence-related applications, and export markets.”
Why this matters
This record performance reflects strong demand across Force Motors' vehicle segments, broad-based growth, and financial discipline—the company remains debt-free.
Terms in This Story
- EBITDA
- Earnings Before Interest, Taxes, Depreciation, and Amortization; a measure of operating profitability.
- PBT
- Profit Before Tax; net income before accounting for income tax expense.
- PAT
- Profit After Tax; net income after subtracting taxes.
Summarised from the linked release; details can be imperfect — always verify against the original source.