Force Motors Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	90,571	80,717	69,921	50,290	32,404
Other Revenue	1,105	-	-	-	-
Revenue	91,675	80,717	69,921	50,290	32,404
Revenue Growth (YoY)	13.58%	15.44%	39.04%	55.20%	61.96%
Cost of Revenue	62,597	58,696	50,758	38,887	25,601
Gross Profit	29,078	22,022	19,163	11,403	6,803
Selling, General & Admin	6,863	6,264	5,718	4,464	3,837
Other Operating Expenses	6,279	4,513	4,120	2,923	2,003
Operating Expenses	16,002	13,576	12,502	9,791	7,749
Operating Income	13,076	8,446	6,661	1,611	-945.6
Interest Expense	-32.6	-256.9	-611.3	-683.1	-407.4
Interest & Investment Income	-	237.4	95.2	21.3	19.2
Earnings From Equity Investments	1.1	5.2	-138.3	-186	-166.7
Currency Exchange Gain (Loss)	-	61.7	67	-110.5	199.9
Other Non Operating Income (Expenses)	-	-1.8	-10.1	-0.9	-3
EBT Excluding Unusual Items	13,045	8,492	6,064	652.2	-1,304
Gain (Loss) on Sale of Assets	-	-54.9	-12.8	-11.2	7.2
Asset Writedown	-	-	-	-999.9	-
Other Unusual Items	2,112	3,946	-	3,083	-
Pretax Income	15,157	12,383	6,051	2,724	-1,296
Income Tax Expense	3,040	4,374	2,169	1,387	-386.5
Earnings From Continuing Operations	12,118	8,009	3,882	1,337	-909.9
Minority Interest in Earnings	-1.2	-1.2	-1.2	-1	-0.9
Net Income	12,116	8,007	3,881	1,336	-910.8
Net Income to Common	12,116	8,007	3,881	1,336	-910.8
Net Income Growth	51.31%	106.33%	190.40%	-	-
Shares Outstanding (Basic)	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13
Shares Change (YoY)	-0.00%	-	-	-	-
EPS (Basic)	919.56	607.71	294.54	101.42	-69.12
EPS (Diluted)	919.56	607.71	294.54	101.42	-69.12
EPS Growth	51.31%	106.33%	190.40%	-	-
Free Cash Flow	7,575	6,046	8,061	2,722	-3,810
Free Cash Flow Per Share	574.88	458.83	611.76	206.60	-289.13
Dividend Per Share	-	40.000	20.000	10.000	10.000
Dividend Growth	-	100.00%	100.00%	-	100.00%
Gross Margin	31.72%	27.28%	27.41%	22.67%	21.00%
Operating Margin	14.26%	10.46%	9.53%	3.20%	-2.92%
Profit Margin	13.22%	9.92%	5.55%	2.66%	-2.81%
Free Cash Flow Margin	8.26%	7.49%	11.53%	5.41%	-11.76%
EBITDA	15,936	11,217	9,302	3,985	963.8
EBITDA Margin	17.38%	13.90%	13.30%	7.92%	2.97%
D&A For EBITDA	2,860	2,771	2,641	2,374	1,909
EBIT	13,076	8,446	6,661	1,611	-945.6
EBIT Margin	14.26%	10.46%	9.53%	3.20%	-2.92%
Effective Tax Rate	20.05%	35.32%	35.84%	50.91%	-
Revenue as Reported	91,675	81,283	70,312	50,910	32,923
Advertising Expenses	-	215.9	222.2	153.5	128.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.