Force Motors shares surge 13% as Q1 net profit jumps 52% YoY; Anshul Saxena appointed VP of strategy
Shares of Force Motors surged over 13% to Rs 19,371 on Wednesday after the company reported a 52.3% year-on-year rise in consolidated net profit at Rs 176.3 crore for Q1FY26, up from Rs 115.7 crore in the year-ago period. The strong earnings were driven by double-digit growth in both revenue and operating margins.
Force Motors' revenue from operations grew 21.9% YoY to Rs 2,297 crore, compared to Rs 1,885 crore in Q1FY25. On the operating front, EBITDA stood at Rs 332 crore, rising 33.3% from Rs 249 crore a year earlier. The EBITDA margin expanded to 14.4%, up from 13.2%, reflecting improved operating efficiency and stronger volumes.
The stock touched a high of Rs 19,198 during the session, marking a fresh 52-week high. As of the latest update, the company's market capitalization stood at Rs 25,003 crore. The day's trading range was between Rs 17,225 and Rs 19,198.
Additionally, the company announced a key leadership appointment. Anshul Saxena has joined Force Motors as Vice President – Corporate Strategy, effective July 23. Backed by over 19 years of cross-functional leadership experience, Saxena is expected to spearhead the company's long-term growth roadmap and strategic partnerships. His appointment was approved by the board based on recommendations from the Nomination & Remuneration Committee.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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