Force Motors Q2 FY27 Results (NSE: FORCEMOT)

· Analysis by Alpha Inflection

Signal: Margin pressure

Force Motors Q2 FY27 key financials
MetricValueYoYQoQ
Revenue₹2,924.66 Cr+40.5%+19.9%
Net profit₹293.91 Cr-16.2%
EPS₹223.03-16.2%
EBIT margin14.8%

P&L walk

Revenue accelerated to ₹2,924.66 Cr, +40.5% YoY and +19.9% QoQ, but gross margin compressed to 27.2% from 30.6% as material costs rose to 74.4% of revenue; PAT fell 16.2% YoY to ₹293.91 Cr because the year-ago quarter benefited from a ₹85.46 Cr deferred-tax and MAT-credit gain.

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