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In an email dated 4 March 2026, SEBI sought information regarding the company’s unaudited financial results (standalone and consolidated) for the quarter and half year ended on 30th September, 2024. The regulator also requested details such as chronology of event, details of insiders, MIS, details of designated persons, extract of structured digital database etc.
Additionally, SEBI sought information related to the company’s unaudited financial results (standalone and consolidated) for the quarter and nine months ended on 31st December 2023. The regulator also asked the company to provide details with respect to significant price movement from 15th February, 2024 to 20th February, 2024.
The company said there is no material impact on the financial operations at this stage and it will submit a suitable reply to SEBI in this regard within the permissible timeline.
Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles.
The company reported a 252.1% year-on-year surge in consolidated net profit to Rs 406.15 crore in Q3 FY26, compared with Rs 115.34 crore in the corresponding quarter last year. Revenue from operations rose 12.7% to Rs 2,128.56 crore in Q3 FY26 as against Rs 1,889.49 crore in Q3 FY25.
Total sales include domestic sales of 3,825 units (up 8.63% YoY) and exports of 65 units (up 17.72% YoY).
Mahanagar Gas Ltd, Force Motors Ltd, Avanti Feeds Ltd and Steel Authority of India Ltd are among the other losers in the BSE's 'A' group today, 04 March 2026.
Petronet LNG Ltd crashed 8.90% to Rs 281.65 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.81 lakh shares were traded on the counter so far as against the average daily volumes of 82282 shares in the past one month.
Mahanagar Gas Ltd tumbled 8.37% to Rs 1108. The stock was the second biggest loser in 'A' group.On the BSE, 66357 shares were traded on the counter so far as against the average daily volumes of 21714 shares in the past one month.
Force Motors Ltd lost 6.85% to Rs 21755. The stock was the third biggest loser in 'A' group.On the BSE, 14273 shares were traded on the counter so far as against the average daily volumes of 8917 shares in the past one month.
Avanti Feeds Ltd slipped 6.84% to Rs 1201.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 53749 shares were traded on the counter so far as against the average daily volumes of 2.76 lakh shares in the past one month.
Steel Authority of India Ltd plummeted 6.74% to Rs 154.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 18.2 lakh shares were traded on the counter so far as against the average daily volumes of 19.39 lakh shares in the past one month.
Exports declined 17.72% to 65 units in February 2026, compared with 79 units in the same period last year.
The counter slipped 3.35% to Rs 23,510 on the BSE.
The company reported a profit before exceptional items and tax of Rs 331.38 crore in Q3 FY26, compared with Rs 177.15 crore a year ago, aided by exceptional items of Rs 211.24 crore comprising government incentives, partly offset by labour code–related employee benefits liabilities.
Total expenses rose 5.48% year on year to Rs 1,827.43 crore in Q3 FY26. Employee benefit expense stood at Rs 167.45 crore (up 27.35% YoY), while finance costs were at Rs 0.16 crore (down 96.12% YoY) during the period under review.
In a separate filing, the company announced plans to fully acquire Veera Tanneries by March 31, 2026. The proposed acquisition marks a strategic expansion move for the automotive manufacturer, signaling diversification beyond its core automotive business, with a clear timeline set for completion of the full buyout.
Total sales comprised of domestic sales of 3,665 units (up 4.92% YoY) and exports at 99 units (down 4.81% YoY).
Exports declined 4.81% to 99 units in January 2026, compared with 104 units in the same period last year.
The company reported a 159.68% year-on-year surge in consolidated net profit to Rs 350.7 crore in Q2 FY25, compared with Rs 135.05 crore in the corresponding quarter last year. Revenue from operations rose 7.21% to Rs 2,081.4 crore in Q2 FY26 as against Rs 1,941.33 crore in Q2 FY25.
The counter shed 0.90% to Rs 18,631.95 on the BSE.