Force Motors shares up over 15 percent after a 52 percent on-year profit growth on high demand for vans

The automaker added that it has zero-debt on books, reflecting prudent financial management. The company had also bagged an order for defence vehicles in March this year.

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26 Aug, 2025 12:21

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Shares of small CV and MUV maker Force Motors soared over 15 percent on July 24 after the company posted a 52 percent on-year growth in consolidated net profit at Rs 176 crore in June quarter on robust sales, and revenue from operations surged 22 percent on year to Rs 2,297 crore during the first quarter.

"This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," PTI News quoted Force Motors MD Prasan Firodia. The domestic sales volume has grown by 26 percent on the back of strong demand for its flagship models - Urbania, Traveller and Trax. Domestic sales form more than 90 percent of the volumes of the small CV maker, and in volume growth of 26 percent in this vertical reflects no weakness in demand for its offerings.

"With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our market position," Firodia said.

The automaker added that it has zero-debt on books, reflecting prudent financial management. The company had also bagged an order for defence vehicles in March this year. Some of the automakers' vehicles are used as school buses and ambulances, and the company is also a contract manufacturer of BMW and Mercedes Benz engines in India.

Shares of Force Motors are higher by 200 percent so far this year, and have risen 20-fold over past five years. The surge after Q1FY25 results bring the stock closer to its 52-week high of Rs 20,500 per share. The shares are rallying on volumes that are five-fold higher than the one-month average. The stock had risen 142 percent and 94 percent in 2023 and 2024, respectively.