FORCE MOTORS Q2 : CONS NET PROFIT DOWN 16.2% AT ₹293.91 CR (YOY), UP 35.7% (QOQ). MIX (ON 1ST LOOK)

Revenue up 40.5% at ₹2,924.66 Cr (YOY), up 19.9% (QOQ). Cons PBT up 24.7% at ₹395.54 Cr (YOY), up 34.9% (QOQ); includes ₹7.78 Cr share of JV profit in H1. Standalone net profit down 16.6% at ₹291.44 Cr (YOY), up 37.4% (QOQ). Caution: Q2 FY26 tax expense carried a one-time ~₹85.46 Cr benefit on opting for new tax regime u/s 115BAA, so PAT and EPS are not comparable.

Force Motors Ltd-$

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