SEBI Seeks Disclosure from Force Motors on Earnings and Stock Price Trends

Force Motors Receives SEBI Notice for Additional Financial Information

Force Motors Ltd, a Pune-based automaker, has received a notice from the Securities and Exchange Board of India (SEBI) to provide additional details regarding its financial performance for the December quarter and April-December earnings of 2023-24. The company had initially reported its earnings on February 12, 2024.

The SEBI notice also seeks information on the stock price movement of Force Motors between February 12 and February 20, 2024. On March 5, 2026, the company's shares closed at Rs 21,815 apiece, representing a 1.7% increase.

In response to the SEBI notice, Force Motors has stated that it will file a suitable reply within the permissible timeline. The company has clarified that there is no material impact on its financial operations at this stage and that no aberrations or non-compliances have been identified by the authority.

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Key Financial Highlights

• Consolidated net profit for Q3 2023-24 stood at Rs 406.1 crore, a sharp year-on-year jump from Rs 115.3 crore in the same quarter last year.
• Revenue from operations rose 12.6% year-on-year to Rs 2,128 crore from Rs 1,889.5 crore.
• EBITDA climbed 61.4% to Rs 373.8 crore from Rs 231.6 crore a year earlier.