PAT Rs 278.52 Crore | Force Motors Q4 FY26 Results

Force Motors announced its Q4 FY26 financial results on April 29, 2026, reporting PAT of Rs 278.52 crore, a 35.93 percent year-on-year decline, as the Commercial and Utility Vehicles company delivered its January to March 2026 quarter earnings. Force Motors Q4 FY26 results are closely tracked by investors as a key indicator of the company’s performance trajectory. This article covers the Force Motors Q4 FY26 financial highlights, performance analysis, full year FY26 summary, management outlook, and frequently asked questions on Force Motors Q4 results.

Force Motors Q4 FY26 Financial Highlights

Force Motors reported Q4 FY26 consolidated net profit of Rs 278.52 crore, a 35.93 percent YoY decline from Rs 434.71 crore in Q4 FY25, entirely due to tax rate normalisation to 26.35 percent versus an exceptional negative 10.57 percent in Q3 FY26. Revenue hit a record Rs 2,549.84 crore, up 8.23 percent YoY. EBITDA margin expanded 228 basis points to 16.25 percent, the highest in company history. FY26 standalone PAT surged 51.4 percent to Rs 1,211.26 crore. The board recommended a dividend of Rs 50 per share. The board recommended a dividend of Rs 50 per share for FY26.

Metric	Q4 FY26	Q4 FY25	YoY Change
Revenue / Total Income	Rs 2,549.84 crore	Refer NSE/BSE filing	Grew 8.23 percent YoY
PAT	Rs 278.52 crore	Refer NSE/BSE filing	Lower 35.93 percent YoY
Full Year FY26 PAT	Rs 1,211.26 crore standalone (up 51.4 percent YoY)	Refer filing	As reported
Dividend (FY26)	Rs 50 per share	Refer filing	FY26 final

Also Read: Bhansali Engineering Polymers Q4 FY26 Results

Force Motors Q4 FY26 Performance Analysis

Force Motors Q4 FY26 EBITDA of Rs 414.34 crore was the highest in company history, with margin at 16.25 percent expanding 228 basis points YoY. The Force Motors Q4 FY26 PAT decline is misleading as it is entirely driven by tax normalisation, with underlying operations delivering record performance.

Force Motors Q4 FY26 saw the highest-ever quarterly revenue of Rs 2,549.84 crore and highest-ever EBITDA. The company also acquired Veera Tanneries Private Limited for Rs 161.96 crore in April 2026 and shifted to the new tax regime Section 115BAA from FY26, impacting the reported PAT.

Force Motors Full Year FY26 Business Summary

For FY26, Force Motors standalone revenue was Rs 9,056.54 crore (up 12.2 percent) and standalone PAT was Rs 1,211.26 crore (up 51.4 percent). The company delivered its best-ever full-year EPS of Rs 919.28 versus Rs 607.13 in FY25.

Force Motors Q4 FY26 Outlook and FY27 Priorities

Force Motors FY27 focus is on sustaining LCV and MUV volume growth, expanding exports, integrating Veera Tanneries, and growing defence vehicle supply. The Rs 50 per share dividend reflects board confidence in the company’s strong fundamental trajectory.

Download the Univest iOS App or the Univest Android App to get daily stock recommendations and insightful research pieces!

Conclusion

The Force Motors Q4 FY26 results provide investors with the company’s January to March 2026 performance data. Force Motors Q4 FY26 PAT of Rs 278.52 crore reflects the operational performance in the Commercial and Utility Vehicles sector. Investors tracking Force Motors Q4 results should review the complete audited financials on NSE and BSE exchange filings before making any investment decision. Force Motors Q4 FY26 is an important milestone in the company’s annual earnings calendar.

This article on Force Motors Q4 FY26 results is for informational and educational purposes only. It is not investment advice. Please consult a SEBI registered investment advisor before making any investment decision. Past performance is not indicative of future results.

Frequently Asked Questions on Force Motors Q4 FY26 Results

What were the Force Motors Q4 FY26 results?

Force Motors Q4 FY26 results were announced on April 29, 2026. The company reported PAT of Rs 278.52 crore for the January to March 2026 quarter. Force Motors Q4 FY26 details are in the official NSE and BSE exchange filings.

What was Force Motors Q4 FY26 PAT?

Force Motors Q4 FY26 PAT was Rs 278.52 crore, lower 35.93 percent YoY. The Force Motors Q4 FY26 results were announced on April 29, 2026, at the board of directors meeting to approve audited financials.

What was Force Motors Q4 FY26 revenue?

Force Motors Q4 FY26 revenue was Rs 2,549.84 crore. Investors should refer to the NSE and BSE exchange filing for the full audited Force Motors Q4 FY26 revenue breakdown and segmental performance data.

Did Force Motors declare a dividend after Q4 FY26 results?

Yes, Force Motors declared a dividend of Rs 50 per share as part of the Q4 FY26 results announcement, subject to shareholder approval at the AGM.

What is the outlook for Force Motors after Q4 FY26?

Force Motors FY27 focus is on sustaining LCV and MUV volume growth, expanding exports, integrating Veera Tanneries, and growing defence vehicle supply. The Rs 50 per share dividend reflects board confidence in the company’s strong fundamental traject… Investors should monitor management commentary and quarterly filings for updated guidance on Force Motors Q4 FY26 performance sustainability into FY27.

How did Force Motors Q4 FY26 compare year on year?

Force Motors Q4 FY26 PAT of Rs 278.52 crore was lower 35.93 percent YoY. The year-on-year comparison for Force Motors Q4 FY26 versus Q4 FY25 is available in the official audited NSE and BSE exchange filings.

What sector does Force Motors operate in?

Force Motors operates in the Commercial and Utility Vehicles sector in India and is listed on NSE and BSE. Force Motors Q4 FY26 results reflect the broader Commercial and Utility Vehicles sector trends for the January to March 2026 quarter. Contextualising Force Motors Q4 performance within industry dynamics requires reviewing sector-level data alongside management commentary.

Is Force Motors a good investment after Q4 FY26 results?

Whether Force Motors is a good investment after the Force Motors Q4 FY26 results depends on your individual financial goals, risk tolerance, and investment horizon. Force Motors Q4 FY26 results provide one data point on the company’s trajectory. Always consult a SEBI registered financial advisor before making any investment decision.

Recent Article

Torrent Power Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Usha Martin Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Triveni Engineering and Industries Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Utkarsh Small Finance Bank Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Venus Pipes and Tubes Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook