Force Motors Dividend 2025: Rs 40 Payout By Automaker In Q4 Quarterly Results 2025

Force Motors, a leading homegrown automotive manufacturer, has announced a dividend of Rs 40 per share for the financial year 2024–25. The announcement coincides with a robust set of financial results, reflecting the company’s strong operational performance and strategic positioning across both the commercial and passenger vehicle segments.

In a regulatory filing with the Bombay Stock Exchange (BSE), the company stated that its board of directors, in a meeting held on April 25, 2025, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025.

The board also recommended the final dividend, the record date for which will be announced shortly.

Financial highlights

The Abhay Firodia-led firm posted a consolidated net profit of Rs 434.71 crore for the March quarter, marking a sharp 210% increase from Rs 140.3 crore in the same period last year. This growth was significantly bolstered by a one-time government incentive of Rs 395.7 crore. For the full fiscal year, net profit stood at Rs 800.74 crore, reflecting a notable turnaround driven by improved vehicle sales and operational efficiencies.

The Pune-based automaker's revenue from operations for the quarter came in at Rs 2,356 crore, registering a Year-on-Year (YoY) growth of 17.1%. For entire FY2024-25, its net profit rose 106.33% to Rs 800.74 crore in the year ended March 2025 as against Rs 388.09 crore during the previous year ended March 2024.

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Key growth drivers

The company claimed that the surge was largely attributed to a robust demand for its multi-seater vans, commonly deployed as school buses and ambulances. Its Earnings before interest, tax, depreciation and amortization (EBITDA) also rose 18.2% to Rs 329.3 crore in the same quarter.

The homegrown automaker also reported basic and diluted earnings per share (EPS) at Rs 329.92, up from Rs 106.45 in the corresponding quarter of the previous fiscal.

In addition to its core commercial vehicle business, Force Motors continues to benefit from its role as a contract manufacturer for leading global automotive brands. The company builds engines for BMW and Mercedes-Benz at its dedicated manufacturing units in India, which remains a stable contributor to its overall revenue stream.

Meanwhile, Force Motors confirmed that the financial results were audited by Kirtane & Pandit LLP, who issued an unmodified opinion—an indication of a clean audit with no qualifications.

Despite the positive financial performance, shares of Force Motors ended the day 1.2% lower. However, the stock has witnessed a nearly 39% gain over the previous quarter, reflecting broader investor optimism about the company's growth trajectory.