Force Motors shares jump 15% on 52% YoY profit rise, van demand high

Shares of Force Motors surged over 15 percent on July 24 after the company reported a robust 52 percent year-on-year rise in consolidated net profit, reaching ₹176 crore for the June quarter. The impressive performance was driven by strong demand for its popular van models—Urbania, Traveller, and Trax—which led to a 26 percent jump in domestic sales volumes. Revenue from operations also increased by 22 percent year-on-year, touching ₹2,297 crore in Q1FY25.

Force Motors Managing Director, Prasan Firodia, attributed the growth to the company’s consistent focus on customer satisfaction, leveraging domestic demand, and improving internal efficiencies. He expressed confidence in sustaining the growth momentum, citing continued investments in innovation, product reliability, and dealer network expansion.

The company also emphasized its strong financial health, highlighting a zero-debt balance sheet. Earlier this year, Force Motors secured an order for defence vehicles, further bolstering its portfolio. Known for producing vehicles used as ambulances and school buses, Force Motors is also a contract manufacturer for BMW and Mercedes-Benz engines in India.

Force Motors’ stock has seen a staggering 200 percent increase in 2025 alone and has multiplied 20 times over the past five years. Following its Q1 results, trading volumes jumped to five times the one-month average, pushing the stock closer to its 52-week high of ₹20,500. The shares had already surged 142 percent in 2023 and 94 percent in 2024, continuing their strong bullish trend.