Force Motors Q3 FY26 PAT at Rs 402.86 cr, up 266% YoY on government incentive

Pat Growth 25pctExceptional ItemResults View source PDF Explain this filing

FORCEMOT · price

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Price reactionminutes from the announcement price · days from the prior close

+4.4%Reaction day

₹20158.00

prior close

₹20500.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.0%+5.4% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.3%+4.7% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Smallcap 250 and 4.7 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.6

10m

+5.2

15m

+4.2

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4-1.0+5.4-0.3+4.7

Next day

+5.4-1.4+6.8-0.6+6.0

+10.9+1.1+9.8-0.2+11.1

+17.1+1.6+15.5+0.4+16.7

+23.4+1.8+21.6+1.3+22.1

+18.6+1.0+17.5-0.1+18.7

+21.8-0.6+22.4-1.4+23.2

15d

+26.1-0.2+26.4-1.4+27.5

+8.2-3.8+12.1-5.8+14.0

+5.1-7.5+12.6-17.0+22.0

-5.6+5.2-10.9-9.6+4.0

UpDownMarket · Nifty Smallcap 250Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standalone Q3 FY26 revenue Rs 2,128.43 cr, up 12.6% YoY. Net profit Rs 402.86 cr vs Rs 110.06 cr, up 266% YoY, boosted by exceptional income of Rs 288.63 cr from Madhya Pradesh government incentives, partly offset by Rs 77.39 cr one-time New Labour Codes charge. 9M FY26 PAT Rs 937.59 cr vs Rs 370.33 cr. EPS for the quarter at Rs 305.75 vs Rs 83.53. Company has also shifted to the new tax regime u/s 115BAA from FY26.

Likely market impact

Headline profit lifted sharply by one-time government incentive; underlying revenue also grew 12.6%. Future quarters unlikely to see a similar boost. Watch ELV Rules impact.