Shares of Force Motors rallied over 11% on Thursday, hitting ₹9,933 in early trade as investor sentiment turned bullish ahead of its expected April sales update. The stock was also buoyed by the company’s robust Q4 FY25 earnings and a healthy dividend declaration.
The primary trigger for today’s sharp move is optimism around Force Motors’ April sales performance. In March 2025, the company reported a domestic sales jump of 11.02% to 3,606 units from 3,248 units in March 2024. Total vehicle sales stood at 3,700 units, marginally up from 3,688 units last year. While exports in March declined sharply by 77.6%, the domestic momentum, especially in LCVs, remains intact.
In its latest quarterly results announced post-market on April 25, Force Motors posted a massive 210% YoY surge in net profit to ₹434.7 crore in Q4 FY25, compared to ₹140.3 crore in Q4 FY24. Revenue rose by 17.1% to ₹2,356 crore, while EBITDA grew 18.2% YoY to ₹329.3 crore. The EBITDA margin improved slightly to 14% from 13.9%.
Adding to the bullish sentiment, the company’s board recommended a dividend of ₹40 per share, subject to shareholder approval.
Force Motors, which discontinued its tractor business from March 31, 2024, continues to focus on small and light commercial vehicles (SCVs and LCVs), and utility transport through its Traveller and Trax range.
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