Latest news with #Urbania
Time of India
6 days ago
- Automotive
- Time of India
Force Motors Q1 net profit rises 55% to ₹185 crore
Force Motors has reported a 22 per cent year-on-year increase in its revenue to ₹2,322 crore in the first quarter of this fiscal year (FY26). The company's profit before tax rose by 54 per cent to ₹287 crore, while profit after tax saw a 55 per cent jump to ₹185 crore. The domestic sales volume increased by 26 per cent, driven by strong demand across its flagship models—Urbania, Traveller, and Trax. The company highlighted its continued zero-debt position, crediting disciplined financial management and operational efficiency. 'We are pleased with the strong start to the new financial year,' said Prasan Firodia , Managing Director, Force Motors. 'Our focus on customer expectations, domestic momentum, and internal efficiencies has helped us deliver this growth.' The company remains optimistic about sustaining its performance through strategic investments in innovation, network expansion and product development. Force Motors is India's largest van manufacturer and a key engine supplier for Mercedes-Benz and BMW in the country. It also operates a joint venture with Rolls-Royce Power Systems to produce high-performance engines for global markets.
News18
6 days ago
- Automotive
- News18
Force Motors Q1 net profit jumps 52 pc to Rs 176 cr on strong sales
New Delhi, Jul 23 (PTI) Force Motors on Wednesday reported a 52 per cent year-on-year increase in consolidated net profit to Rs 176 crore in the first quarter ended June 2025, on the back of robust sales growth. The Pune-based automaker had reported a consolidated net profit of Rs 116 crore in the April-June quarter of last year. Profit before tax stood at Rs 278 crore during the latest June quarter as against Rs 182 crore in the year-ago period, registering an increase of 53 per cent. Revenue from operations rose to Rs 2,297 crore in the first quarter as against Rs 1,885 crore in the year-ago period, Force Motors said in a statement. 'This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said. The continued trust of customers and the unwavering effort put in by teams have been pivotal to this success, he added. 'With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our market position," Firodia stated. The company said its domestic sales volume grew by 26 per cent, fuelled by robust demand across the flagship models — Urbania, Traveller and Trax. The automaker noted that it currently maintains a zero-debt position, reflecting its prudent and disciplined financial management. Shares of the company on Wednesday ended 2.08 per cent down at Rs 17,136.65 apiece on BSE. PTI MSS HVA view comments First Published: July 23, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
6 days ago
- Automotive
- Business Standard
Force Motors Q1 profit jumps 53% to ₹278 crore on strong sales growth
Revenue from operations rose to ₹2,297 crore in the first quarter as against ₹1,885 crore in the year-ago period, Force Motors said in a statement Press Trust of India New Delhi Force Motors on Wednesday reported a 53 per cent increase in consolidated net profit to ₹278 crore for the first quarter ended June 30, 2025, on the back of robust sales growth. The Pune-based automaker reported a consolidated net profit of ₹182 crore for the April-June quarter of last year. Revenue from operations rose to ₹2,297 crore in the first quarter as against ₹1,885 crore in the year-ago period, Force Motors said in a statement. "This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said. The continued trust of customers and the unwavering effort put in by teams have been pivotal to this success, he added. "With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our market position," Firodia stated. The company said its domestic sales volume grew by 26 per cent, fuelled by robust demand across the flagship models Urbania, Traveller and Trax. The automaker noted that it currently maintains a zero-debt position, reflecting its prudent and disciplined financial management. Shares of the company on Wednesday ended 2.08 per cent down at ₹17,136.65 apiece on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
6 days ago
- Automotive
- News18
Force Motors Q1 profit up 53 pc at Rs 278 cr on strong sales
Agency: PTI New Delhi, Jul 23 (PTI) Force Motors on Wednesday reported a 53 per cent increase in consolidated net profit to Rs 278 crore for the first quarter ended June 30, 2025, on the back of robust sales growth. The Pune-based automaker reported a consolidated net profit of Rs 182 crore for the April-June quarter of last year. Revenue from operations rose to Rs 2,297 crore in the first quarter as against Rs 1,885 crore in the year-ago period, Force Motors said in a statement. 'This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said. The continued trust of customers and the unwavering effort put in by teams have been pivotal to this success, he added. 'With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our market position," Firodia stated. The company said its domestic sales volume grew by 26 per cent, fuelled by robust demand across the flagship models – Urbania, Traveller and Trax. The automaker noted that it currently maintains a zero-debt position, reflecting its prudent and disciplined financial management. view comments First Published: July 23, 2025, 20:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Cision Canada
25-06-2025
- Business
- Cision Canada
U-Bahn Condos Breaks Ground in Laval
Fonds immobilier de solidarité FTQ and Urbania continue developing the site near the Montmorency metro station LAVAL, QC, June 25, 2025 /CNW/ - The Fonds immobilier de solidarité FTQ is partnering once again with Urbania, this time on U-Bahn Condos, a TOD located just steps from the Montmorency metro station in Laval. Attending the groundbreaking ceremony for the first phase of the project, consisting of 221 residential units over 15 floors, were Martin Raymond, President and CEO of the Fonds immobilier de solidarité FTQ, and Urbania president Stéphane Brault. U-Bahn, whose name is inspired by Berlin's subway stations and refers to its proximity to the Montmorency metro station, will offer a safe and peaceful living environment for active people who enjoy the vitality of the city and access to green spaces. The project is located in a highly strategic area of downtown Laval, with commercial, community and health services all within easy reach. A 130,000-square-foot private park, reserved for co-owners, will be developed in the inner courtyard. Well-designed common areas will enhance the occupant experience: a bright, lounge-style lobby; coworking space on the 16th floor; a rooftop terrace with exceptional views; and a well-equipped gym. Occupancy is scheduled for fall 2026. Quotes "We are pleased to be teaming up once again with the Fonds immobilier de solidarité FTQ, with whom we have been working on the development of this site for several years now. Our team is excited to break ground on this building, one of the few condominium projects underway in Laval today. We designed this project to meet the needs of a diverse clientele. Its common areas, green spaces, unit layout and downtown location are among the features that attract buyers." Stéphane Brault, President, Urbania "The launch of this condominium project is a novel response to the housing shortage in Québec. In light of the current market conditions, people are looking to buy. In fact, among our first clients, we have a majority of young people eager to make their first real estate purchase, as well as couples and retirees." U-Bahn U1 at a glance 16-storey building with 221 condominium units Apartments: 43 2-bedroom units ranging from 824 to 2,500 ft 2 145 1-bedroom units ranging from 535 to 633 ft 2 33 studios ranging from 423 to 455 ft 2 Refined, urban architecture Designed with quality materials and contemporary finishes Open concept with large windows All units have a balcony, include a parking space and optional integrated office space Common areas: Coworking space Lounge-style lobby Gym Rooftop terrace on the 16th floor Exclusive access to a 130,000 ft 2 urban garden Three levels of parking, with option to install EV charging stations U-Bahn Condos is a 4-phase project: U1, U2, U3 and U4. Location 1801 Jacques-Tétrault, at the intersection of Boulevard Le Corbusier and Rue Jacques-Tétreault, in Laval; Just steps from the Montmorency metro station, near the commuter train and numerous public transportation routes operated by the Société de transport de Laval; Located in a highly strategic area of downtown Laval, with commercial, community and health services all within easy reach; Quick access to highways 15 and 440; Near the Centre Aquatique Laval; Close to the future Bibliothèque centrale de Laval (2027). About Urbania A real estate developer since 1997, Urbania aims to create real estate projects that reflect tomorrow. To this end, it builds modern housing units using quality materials in areas that offer green spaces and proximity to public transit and shops. With its innovative TOD project in downtown Laval, Urbania has succeeded in creating an urban village on a human scale. The eight-phase project in Laval features several towers: Urbania, Urbania 2, Urbania Haus and U-Bahn Condos, the latter comprising four phases. The Fonds immobilier de solidarité FTQ drives economic growth and employment in Québec by strategically investing in profitable real estate projects in partnership with leading industry players. The Fonds immobilier supports projects in the residential, office, retail, institutional and industrial sectors, espousing a development approach based on ESG (environmental, social, governance) factors in order to build sustainable properties. As at December 31, 2024, the Fonds immobilier had 25 projects valued at $4.6 billion in progress or construction, 82 properties in operation and 13.3 million square feet of land for development, including 5 million square feet for industrial purposes. The Fonds immobilier is a member of the Canada Green Building Council — Québec division.
