News ArticleForce Motors Reports ₹682.05 Crore Profit Before Tax for Half-Year Ended September 2026 and Acquires Veera Tanneries
Company approves unaudited standalone and consolidated financial results for Q2 and H1 FY2026-27 and integrates Veera Tanneries as wholly owned subsidiary
Force Motors Limited announced its unaudited standalone financial results for the quarter and half-year ending 30 September 2026, reporting a profit before tax of ₹682.05 crore for H1 FY2026-27. The company also completed the acquisition of Veera Tanneries Private Limited, consolidating its financials accordingly.
Force Motors Limited
Financial Results
Force Motors Limited announced unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, recording a profit before tax of ₹682.05 crore for the half-year and completing the acquisition of Veera Tanneries Private Limited.
The Board of Directors approved the unaudited standalone financial results showing revenue from operations of ₹5,364.43 crore for H1 FY2026-27, with total income including other income at ₹5,445.28 crore.
Total expenses amounted to ₹4,763.23 crore leading to a profit before tax of ₹682.05 crore for the half-year, compared to ₹602.49 crore in the previous year period.
Net profit after tax for the half-year was ₹503.51 crore, noting that tax expenses for the previous year were influenced by a one-time deferred tax and MAT credit benefit, making current period and prior period figures non-comparable.
The company completed acquiring the entire equity shares of Veera Tanneries Private Limited on 23 April 2026, making it a wholly owned subsidiary, with its results now consolidated as per applicable accounting standards.
Force Motors also recognized provisions related to Extended Producer Responsibility (EPR) under the Environment Protection (End-of-Life Vehicles) Rules, 2025 effective from April 1, 2025, as vehicle manufacturers are required to purchase EPR certificates for scrapping old vehicles.
Highlights
- Profit before tax for Q2 FY2026-27 was ₹393.20 crore, while for H1 it was ₹682.05 crore.
- Revenue from operations for Q2 was ₹2,924.54 crore and ₹5,364.43 crore for H1 FY2026-27.
- Net profit for Q2 was ₹291.44 crore and ₹503.51 crore for H1 FY2026-27.
- Veera Tanneries Private Limited acquisition completed and consolidated from Q2 FY2026-27 onwards.
- Tax expenses reflect adoption of new tax regime and prior period benefits affect comparability.
- Provisions recognized for Extended Producer Responsibility as per 2025 regulations.
Key Data Snapshot
What happened
- Force Motors approved unaudited standalone and consolidated financial results for Q2 and H1 FY2026-27.
- The company reported a profit before tax of ₹393.20 crore for Q2 and ₹682.05 crore for H1 FY2026-27.
- Acquired entire equity shares of Veera Tanneries Private Limited on 23 April 2026, consolidating its financials from the acquisition date.
Key details
- Revenue from operations for the half-year was ₹5,364.43 crore, with total income at ₹5,445.28 crore.
- Total expenses for H1 were ₹4,763.23 crore including cost of materials, employee benefits, depreciation and other expenses.
- Provisions recognized for obligations under the Environment Protection (End-of-Life Vehicles) Rules, 2025 (Extended Producer Responsibility).
- Tax expenses differ from prior year due to adoption of new tax regime and recognition of one-time benefits in the previous year.
- The company noted no exceptional items impacting current financials.
Regulatory and governance context
- Results reviewed by the Audit Committee and approved by the Board of Directors on 28 October 2026.
- Limited review of unaudited financial results for Q2 and H1 FY2026-27 performed by statutory auditors.
- Disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Highlights
- Profit before tax for Q2 FY2026-27 was ₹393.20 crore, while for H1 it was ₹682.05 crore.
- Revenue from operations for Q2 was ₹2,924.54 crore and ₹5,364.43 crore for H1 FY2026-27.
- Net profit for Q2 was ₹291.44 crore and ₹503.51 crore for H1 FY2026-27.
- Veera Tanneries Private Limited acquisition completed and consolidated from Q2 FY2026-27 onwards.
- Tax expenses reflect adoption of new tax regime and prior period benefits affect comparability.
- Provisions recognized for Extended Producer Responsibility as per 2025 regulations.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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