The company posted a consolidated net profit of Rs 278.5 crore for Q4FY26, marking a 36% year-on-year (YoY) decline from Rs 434.7 crore in the same period last year. On a sequential basis, profit also fell 31% compared to Rs 406.1 crore reported in the December 2025 quarter.
Revenue grew modestly, with consolidated revenue from operations rising 8.2% YoY to Rs 2,549.8 crore from Rs 2,356 crore in Q4FY25. However, higher costs weighed on profitability, as total expenses climbed to Rs 2,210.3 crore, up 5% YoY and 21% quarter-on-quarter, driven largely by increased raw material and other expenses.
The company’s board has recommended a dividend of Rs 50 per equity share (500%) for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
On a full-year basis, Force Motors delivered a strong performance. Consolidated net profit surged 51% to Rs 1,211.6 crore in FY26, compared to Rs 800.7 crore in FY25, while annual revenue climbed 12% to Rs 9,057 crore.
Stock performance and technical indicators
Over the past year, the stock has rallied approximately 120%, taking its market capitalisation to around Rs 26,417 crore. It has touched a 52-week high of Rs 26,450 and a low of Rs 8,745.
From a technical perspective, Trendlyne data shows the stock’s 14-day Relative Strength Index (RSI) at 47.1, indicating a neutral zone (below 30 is considered oversold and above 70 overbought). The stock is currently trading below six out of eight key simple moving averages (SMAs), though it remains above its 150-day and 200-day SMAs, suggesting a mixed trend with a slight bearish bias.
Shareholding pattern
Foreign Institutional Investors (FIIs) marginally increased their stake in the March 2026 quarter to 10.93% from 10.46%. Meanwhile, mutual fund holdings also edged up to 0.98% from 0.95%, reflecting steady institutional interest.
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