Pune :  Force Motors Limited, India’s largest van manufacturer and a leading automotive company, today announced its financial results for the quarter and year ended March 31, 2026 (Q4 & FY2025–26).

The company delivered its unprecedented strongest-ever full-year financial performance, driven by consistent execution across quarters, improved operating leverage, and broad-based growth across its product segments. The year marks a significant milestone in Force Motors’ journey, reflecting a focused, resilient, and disciplined business conduct.

Key Financial Highlights: (Standalone)

 Q$ FY2026FY 2026
 Rs.CrsYOY GrowthRs.CrsYOY Growth
Revenue2,5849%9,16713%
EBITDA44829%1,59339%
PBT37339%1,30455%
PAT27436%1,21151%
TOTAL DEBTNIL
CAGR30% Over 4Years

 Impacted due to Exceptional item(Income) in previous year Q4 of Rs.395 Crs.

Operational Highlights of FY 2025-26:

  • Strong domestic performance, with overall wholesales growing by 20% as compared to previous year
  • Sustained leadership in the van segment, with the Traveller platform maintaining over 70% segment share consistently
  • Acceleration in premium mobility, with Urbania recording over 100% growth during the year
  • Expanded reach in rural and semi-urban markets, supported by strong traction for the Trax platform, which delivered over 70% growth in volumes as compared to previous year
  • Strengthened presence in institutional and defence businesses, including execution of key orders for specialised applications for the armed forces of India

The company’s performance reflects not just scale, but an improvement in the quality of earnings, driven by a targeted product mix, operating discipline, and better absorption of fixed costs owing to operating leverage.

Growth during the year remained broad-based across key platforms, with the company continuing to hold a dominant 70% share in the core van segment, while also strengthening its presence in premium passenger mobility and expanding its reach across emerging markets.

Force Motors also continues to maintain its zero-debt status, underscoring its focus on financial prudence and disciplined capital allocation.

Commenting on the exceptional performance, Mr. Prasan Firodia, Managing Director, Force Motors Limited, said, “We have been a segment creator since our inception, and we are now pioneering and leading the premium shared mobility segment with Urbania’s strong presence, while platforms like Traveller and Trax continue to deliver scale and reach across markets. At the same time, our engagement with institutional and defence customers reflects the depth of our engineering capabilities and our ability to deliver in demanding and ever‑evolving environments.

FY2025–26 marks an unprecedented year in our journey, where consistent execution across quarters has translated into our strongest-ever financial performance. This has been driven by a clear focus on the segments where we believe we can lead and also create new segments, supported by improved operating leverage and a more balanced product mix. As we look ahead, we remain focused on building the business with consistency and discipline. Staying closely aligned to customer needs, while continuing to strengthen our product, technology and innovation capabilities, will remain central to how we approach the next phase of growth.”