Force Motors reported a mixed performance for the fourth quarter, with a sharp decline in net profit despite steady revenue growth and improved operating margins.
The company posted a net profit of ₹278.5 crore in Q4, down 40% compared to ₹434.7 crore in the same period last year. The decline in profitability comes even as the company witnessed healthy growth in its top line and operating performance.
Revenue for the quarter rose 8.2% YoY to ₹2,550 crore, up from ₹2,356 crore in the corresponding quarter last year, reflecting stable demand across segments.
On the operational front, EBITDA grew strongly by 25.8% YoY to ₹414.3 crore, compared to ₹329.2 crore a year ago. EBITDA margin improved significantly to 16.3%, up from 14% in the year-ago period, indicating better cost efficiencies and improved operating leverage.
Despite the drop in net profit, the company rewarded shareholders by recommending a dividend of ₹50 per share for the financial year.