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Force Motors Q1 net profit jumps 52 pc to Rs 176 cr on strong sales


     New Delhi, Jul 23 (PTI) Force Motors on Wednesday reported a 52 per cent year-on-year increase in consolidated net profit to Rs 176 crore in the first quarter ended June 2025, on the back of robust sales growth.
     The Pune-based automaker had reported a consolidated net profit of Rs 116 crore in the April-June quarter of last year.
     Profit before tax stood at Rs 278 crore during the latest June quarter as against Rs 182 crore in the year-ago period, registering an increase of 53 per cent.
     Revenue from operations rose to Rs 2,297 crore in the first quarter as against Rs 1,885 crore in the year-ago period, Force Motors said in a statement.
     "This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said.
     The continued trust of customers and the unwavering effort put in by teams have been pivotal to this success, he added.
     "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 stated.
     The company said its domestic sales volume grew by 26 per cent, fuelled by robust demand across the flagship models -- Urbania, Traveller and Trax.
     The automaker noted that it currently maintains a zero-debt position, reflecting its prudent and disciplined financial management.
     Shares of the company on Wednesday ended 2.08 per cent down at Rs 17,136.65 apiece on BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)