loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Eicher Motors Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Eicher Motors Ltd. 13 Nov 2025 15:39 PM
Result PDF

Q2FY26 Quarterly Result Announced for Eicher Motors Ltd.

2/3 Wheelers company Eicher Motors announced Q2FY26 results

  • Revenue from operations surged 45% to Rs 6,172 crore in Q2FY25.
  • EBITDA grew 39% to Rs 1,512 crore.
  • Profit After Tax rose 25% to Rs 1,369 crore from Rs 1,100 crore last year.
  • Royal Enfield also recorded its highest-ever quarterly sales volume of 3,27,067 motorcycles, up 45% from 2,25,317 motorcycles sold during Q2FY25.

Govindarajan, Managing Director, Eicher Motors, &Chief Executive Officer, Royal Enfield, said: “This has been a truly encouraging quarter for Eicher Motors, as we recorded strong performance across the board for both Royal Enfield and VECV. At Royal Enfield, we have continued to deliver steady growth in volumes while further strengthening our growth story quarter after quarter. We witnessed an outstanding festive season, achieving record sales of 2.49 lakh units. The Government of India’s GST reform has further enhanced accessibility for motorcycles under 350cc, as reflected in the strong customer demand. At EICMA, this year, we marked a significant milestone in Royal Enfield’s legacy as we entered our 125th year of Pure Motorcycling, a legacy that is built on authenticity, craftsmanship, and an unwavering pursuit of timeless design. From crafting the world’s first production motorcycle in 1901 to becoming a global symbol of pure motorcycling, Royal Enfield’s journey has been one of evolution anchored in heritage. Our showcase at EICMA this year reflected a perfect blend of past, present, and future; ranging from the special edition of our most iconic motorcycle – the Classic 650 to a bigger and bolder Bullet 650, to pushing the boundaries of urban exploration with the Flying Flea S6. VECV, too, has continued to show steady growth, supported by a robust product portfolio and a deep understanding of India’s changing commercial mobility landscape. Our ongoing focus on developing sustainable and efficient transport solutions positions us strongly for the future. As we progress, our dedication to long-term value creation remains firm, driven by customer-centric innovation, global aspirations, and meaningful brand experiences at every level.”

Vinod Aggarwal, MD & CEO, VECV & Vice Chairman, Eicher Motors, said: “VECV delivered a solid performance in Q2FY26, growing by 5.4% YoY and registering our best ever second quarter in terms of truck and bus deliveries. Eicher retained its position as the market leader in Light and Medium Duty Trucks (5-18.5 T GVW), while delivering 10,096 units in the quarter. We continue to make steady progress in the Heavy-Duty trucks segment, recording our best-ever second-quarter deliveries and a market share of 10.5% during the period. Reflecting our expanding Dealer Network and focus on Customer Service and Uptime, spare parts sales grew 11.8% quarter-on-quarter. Volvo Trucks and Buses continue to dominate their respective segments. During the quarter, we launched the Eicher Pro Plus range of medium-duty trucks with air-conditioned cabs to conform to legal mandates. Equipped with a unique fuel-efficient compressor technology, these trucks were launched with improvements to loading capacity to deliver a win-win for both operators and drivers. Profit After Tax for the quarter improved to Rs 249.3 crore, a growth of 19.7% over the corresponding period last year. GST rationalization has had a positive impact on consumer confidence and consumption. This will in turn support demand for commercial vehicles in the coming period.”

Result PDF

Result PDF

2/3 Wheeler company Eicher Motors announced Q1FY26 results

  • Revenue from operations at Rs 5,042 crore, up by 14.8% as compared to Rs 4,393 crore in Q1FY25.
  • EBITDA grew 3.2% to Rs 1,203 crore as compared to Rs 1,165 crore in Q1FY25.
  • Profit After Tax was Rs 1,205 crore, an increase of 9.4% as compared to Rs 1,101 crore during Q1FY25.
  • Royal Enfield recorded sales of 261,326 motorcycles, marking a growth of 14.7% from 227,736 motorcycles sold during Q1FY25.

Govindarajan, Managing Director, Eicher Motors, & Chief Executive Officer, Royal Enfield said: “At Eicher Motors, we’ve had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. We continue to build consistent momentum in volumes, profitability, and the strength of our overall portfolio. At Royal Enfield, we have sustained our growth momentum in the first quarter, anchored by our continued focus on product innovation, immersive riding experiences, and a deeper expression of pure motorcycling. The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement. Moving ahead on our global ambition, we further strengthened our reach in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement. VECV, too, has delivered consistent growth, anchored in a strong product portfolio and a sharp understanding of India’s evolving commercial mobility needs. Our continued investment in sustainable, efficient transport solutions ensures we are well-positioned for the future. As we move forward, our commitment to long-term value creation remains strong — through customer-centric innovation, global ambition, and meaningful brand experiences at every level.”

Vinod Aggarwal, MD & CEO, VECV & Vice Chairman, Eicher Motors Ltd. said: “VECV delivered its best?ever first quarter with 21,610 units in Q1FY26 (up 9.7% YoY) and broadened its footprint in a largely flat market. Overall market share improved to 18.7% (vs 17.3% last year), led by continued leadership in LMD trucks (34.5% share) and a strong showing in Buses, where Total Bus volumes grew 14.8% and market share rose to 21.5%. Exports grew by 20.5% over last year. Deliveries of all electric Eicher Pro X in SCV segment (2.0–3.5T) continue to gather momentum. Heavy?Duty volumes were marginally lower reflecting a lower total market despite market share gains. Our connected vehicle solution “My Eicher” now connects 150,000 customers representing 350,000 vehicles. VECV reported strong revenue growth and expansion in profit margins linked to better volumes, pricing and cost discipline. PAT was lower as compared to previous year primarily due to one off impact in Q1FY25 linked to deferred tax reversal.”

Result PDF

2/3 Wheelers company Eicher Motors announced Q3FY25 results

  • Revenue from operations surged 19% to Rs 4,973 crore from Rs 4,179 in Q3FY24.
  • EBITDA grew 10% to Rs 1,201 crore from Rs 1,090 crore
  • Profit After Tax rose 18% to Rs 1,171 crore from Rs 996 crore last year.
  • Royal Enfield also recorded its highest-ever quarterly sales volume of 269,039 motorcycles, up 17% from 229,214 motorcycles sold during Q3FY24.

Siddhartha Lal, Managing Director, Eicher Motors, said: “The past quarter has been incredibly rewarding for Eicher with an all-round record performance across the board. We recorded our best-ever festive performance, introduced exciting new motorcycles, and took our first step into electric mobility with the debut of our EV brand, Flying Flea. With a strong and diverse product portfolio, we are well on track to meet the evolving needs of riders across the world. Even as the commercial vehicle industry remained sluggish, VE Commercial Vehicles grew volumes quarter-on-quarter with strengthened market share in all segments. With this momentum across both motorcycle and commercial vehicle businesses, we are confident of continued success in the future as well."

B. Govindarajan, CEO of Royal Enfield & Wholetime Director, EML, said: “Royal Enfield has continued to strengthen its position in the mid-size motorcycle segment recording its best-ever quarter, driven by a robust demand for our motorcycles across the globe. Our performance in the last quarter is a result of the groundwork we put in through the year—preparing for key launches and optimizing operations to ensure we were ready to deliver at this scale, especially during the festive season in India. Our focused approach ensured sustained growth for our capable products and propelled Hunter 350 to become one of the fastest growing motorcycles globally with 500,000 happy customers. We celebrated our love for motorcycling during our annual gathering of riding enthusiasts during Motoverse, which was attended by more than 10,000 riders. In a bid to further strengthen our global presence, we’ve set up our first fully owned CKD facility outside India in Thailand. Our investments in Thailand reinforce our commitment to growing in the Asia-Pacific region. As we move forward, we will continue to deliver exceptional motorcycles and meaningful experiences for the motorcycling enthusiasts across the world.”

Vinod Aggarwal, MD and CEO, VECV, said: “VECV posted market-share gains in all segments and recorded a solid third quarter in a market that had still not recovered from the slowdown during the elections and uneven monsoon season. In the quarter, Eicher was #1 in market share in the Light and Medium duty truck segment and recorded its highest Q3 sales of buses. Reflecting our focus on delivering uptime and industry leading service support to customers, VECV recorded a growth of over 25% in parts sales over Q3 last year. With the recent ‘electric first’ launch of the Eicher Pro X small truck, VECV is well poised to lead the industry transition to sustainable and efficient last-mile logistics.”

Result PDF

2 & 3 Wheelers company Eicher Motors announced Q2FY25 results

  • Revenue from operations at Rs 4,263 crore.
  • EBITDA at Rs 1,088 crore.
  • Profit after Tax at Rs 1,100 crore (up 8.3%).

Siddhartha Lal, Managing Director, Eicher Motors, said: “During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years. Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.”

B. Govindarajan, CEO - Royal Enfield and Wholetime Director, EML said: "This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all new avatar and response to both these motorcycles has been remarkable. We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil later this year. Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved 1,00,000 sales in a single month. These initiatives underscore our commitment to our long term strategic goals and to continue delivering pure motorcycling experiences across the globe.”

Vinod Aggarwal, MD and CEO - VECV, said: “VECV delivered its highest ever second quarter sales during Q2FY25 growing 6.2% over Q2FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8% in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our Heavy Duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.”

Result PDF

2 & 3 Wheelers company Eicher Motors announced Q1FY25 results:

Eicher Motors:

  • Revenue from Operations: Rs 4,393 crore in Q1FY25, up 10.2% from Rs 3,986 crore in Q1FY24.
  • EBITDA: Rs 1,165 crore in Q1FY25, an increase of 14.1% compared to Rs 1,021 crore in Q1FY24.
  • Profit After Tax (PAT): Rs 1,101 crore in Q1FY25, up 19.9% from Rs 918 crore in Q1FY24.
  • Royal Enfield Motorcycle Sales: 227,736 motorcycles sold in Q1FY25, compared to 225,368 motorcycles sold in Q1FY24.

VECV:

  • Revenue from Operations: Rs 5,070 crore in Q1FY25, up 1.8% from Rs 4,980 crore in Q1FY24.
  • EBITDA: Rs 385 crore in Q1FY25, compared to Rs 387 crore in Q1FY24.
  • Profit After Tax (PAT): Rs 319 crore in Q1FY25, up from Rs 181 crore in Q1FY24.
  • Vehicle Sales: 19,702 vehicles sold in Q1FY25, compared to 19,571 vehicles sold in Q1FY24.

Talking about Eicher Motors’ performance, Siddhartha Lal, Managing Director, Eicher Motors Ltd., said, “After a strong performance in FY24, we have started this year on a confident note, registering our best ever quarterly financial performance with both Royal Enfield and VECV reporting steady growth. At Royal Enfield, we launched the Guerrilla 450, our premium, modern roadster on the Sherpa platform. We believe the Guerrilla is a formidable motorcycle with strong potential and will be a gamechanger in the category. We have a robust product calendar for the rest of the year as well, and are getting ready to launch the 2024 Classic very soon. Meanwhile, VE Commercial Vehicles recorded its best ever first-quarter sales, gaining volumes in key segments, and reflecting its commitment to excellence and customer satisfaction”

Speaking on Royal Enfield’s performance, B. Govindarajan, CEO - Royal Enfield and Wholetime Director, EML said, "Royal Enfield has witnessed a good start to FY25. Our diverse product range has strengthened our position in the mid-size segment across the globe. This quarter has been particularly notable for our performance in the international markets. We have launched Himalayan 450 across APAC, EU, UK, and Mexico. In our commitment to sustainable travel and support to the Himalayan communities, we also introduced Camp Kharu in Ladakh, a first of many to come Green Pit Stops. Reinforcing our dedication to exceptional rider satisfaction and the ‘pure motorcycling’ ethos, we announced 'Borderless Warranty Program' providing riders with warranty coverage across 70 countries. We remain focused on innovation and excellence, driving forward with a commitment to delivering extraordinary experiences to riders around the world.”

Speaking on VECV’s performance Vinod Aggarwal, MD and CEO VECV said “VECV delivered its highest ever first quarter sales during Q1 FY25 growing 0.7% over Q1 FY24. This is a testament to our focus on delivering uptime to customers backed by a fast-expanding service and parts network. We took a significant step this quarter by forming a JV with iTriangle Infotech to develop next-gen surround services related to transportation business – building on our industry leading connected vehicle ecosystem. We also continued to deliver new products and variants in line with developments in the industry. During the quarter, margins remained under pressure due to a competitive market situation.”

Result PDF

Automobiles company Eicher Motors announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights: 

  • Eicher Motors Ltd. (EML) recorded a total Revenue of Rs 4,256 crore, up 11.87% as compared to Rs 3,804 crore in the corresponding quarter of FY23. 
  • EBITDA was Rs 1,129 crore, up 20.88% as compared to Rs 934 crore in the same quarter of the previous financial year.
  • Profit After Tax was Rs 1,070 crore, an increase of 18.20% as compared to Rs 906 crore during the same period last year.
  • During the quarter, Royal Enfield recorded sales of 2,27,925 motorcycles, up by 6.17% from 2,14,685 motorcycles sold during the same period in FY23.

FY24 Financial Highlights:

  • Eicher Motors Ltd. - EML’s total Revenue from operations was at Rs 16,536 crore up by 14.50% as compared to Rs 14,442 crore recorded for FY23. 
  • EBITDA was Rs 4,327 crore, up by 25.65% as compared to Rs 3,444 crore in FY23, and Profit After Tax was recorded at Rs 4,001 crore, up by 37.31% as compared to Rs 2,914 crore for the same period last year.
  • During FY 2023-24, Royal Enfield registered motorcycle sales at 9,12,732 (standalone), up by 9% from 8,34,895 (standalone) in FY23.
  • VECV’s Revenue from operations was Rs 21,868 crore, up by 15.38% over the previous year’s revenue of Rs 18,952 crore. EBITDA for FY 2023-24 was Rs 1,715 crore, 25.27% higher than Rs 1,369 crore last year.
  • Profit after tax stood at Rs 823 crore, up 42.06% from Rs 579 crore last year.
  • VECV recorded sales of 85,560 vehicles for FY 2023-24, marking a growth of 7.46% over 79,623 vehicles in FY23.
  • The Board of Directors of the Company at their meeting held on May 10, 2024, considered and recommended a final dividend aggregating to Rs1,396.41 crore (34.9% of PAT) at Rs 51 per share (nominal value of Rs 1 per share) for the financial year ended March 31, 2024. The dividend per share is the highest ever for EML and is 37.1% higher than the FY 2023 dividend per share.

Talking about Eicher Motors’ performance, Siddhartha Lal, Managing Director & CEO, Eicher Motors Ltd., said, “We’ve had a remarkable year at EML and have reported exceptional performance across both Royal Enfield and VE Commercial Vehicles. In the motorcycle business, last year was an action packed one as the middleweight segment in the industry witnessed a considerable number of launches by international brands in partnership with Indian OEMs. Remaining unfazed and maintaining focus on our strategic goals and community, Royal Enfield stood head and shoulders above everyone else, and launched three spectacular motorcycles including the all-new Himalayan built ground-up on the brand-new Sherpa 450, liquid-cooled engine platform - to overwhelming love and appreciation from across the globe. With several global award winning and category defining motorcycles now sitting within the Royal Enfield portfolio, and with strong product plans for the upcoming year, we are super excited and confident about the possibilities that lie ahead of us. At VECV, we have recorded the highest ever sales of Eicher Trucks and Buses, Volvo Trucks, VE Powertrain, Components and Power solutions. We also made tremendous progress on EV vehicles with commencement of sales of EV trucks and the global unveil of the new electric-first Small Commercial Vehicle. With an expanding product range, backed by cutting edge connected and efficient solutions, we are quite upbeat for the growth potential for VECV ”

Speaking about Royal Enfield’s performance, B. Govindarajan, CEO - Royal Enfield, and Wholetime Director, EML said, “2023–24 has been a hugely significant and high-adrenaline year for us, as we recorded our best ever performance, successfully surpassing our pre-COVID levels of growth. What’s really encouraging is the fact that while our recently launched products - the all-new Bullet 350, the all-new Himalayan, and the Shotgun 650 - have performed admirably well, our existing portfolio has also contributed significantly to our growth. Moving in line with our ambition to expand our reach in international markets, we’ve made considerable progress by setting up our fifth CKD assembly unit outside India in Nepal. This year also saw Royal Enfield mark its debut in Turkey, which has huge potential for leisure motorcycling, and also set up a wholly-owned subsidiary in the Netherlands to cater to evolving consumers in the EU. With our upcoming portfolio of products, I can confidently say that we are on a strong path to growth and will continue to deliver world-class motorcycles and pure motorcycling experiences to riders across the globe.“

Speaking on VECV’s performance Vinod Aggarwal, MD and CEO VECV said “FY24 was a strong year for all our businesses. Our modern, connected and efficient products, backed by our Uptime Promise, have been well received by customers looking to modernize logistics and we have gained market share as a result. We took another big step towards sustainable transport by delivering the Eicher Pro 2055 EV, -India’s first 5.5tonne distribution truck in the year, while continuing to deliver electric buses into various segments. Our Small commercial vehicle (SCV), showcased at Bharat Mobility Global Expo, will mark a new growth segment for VECV in the 2.5T - 3.5T category. Our efforts were recognized by stakeholders as we ranked #1 in the Dealer Satisfaction Survey conducted by FADA for a third year in a row and won the CV Maker of the Year at the 2023 Apollo Tyres CV awards. With a strong Indian economy, backed by strong investments in infrastructure and modernization, we see strong growth potential in the period ahead.”

Result PDF

Automobiles company Eicher Motors announced Q3FY24 results:

  • The Company recorded its highest-ever revenue from operations at Rs 4,179 crore, up 12% compared to Rs 3,721 crore in Q3FY23
  • EBITDA was Rs 1,090 crore, up 27% compared to Rs 857 crore in the same quarter of the previous financial year.
  • The company registered Profit after Tax at Rs 996 crore, registering a strong growth of 34% in comparison to Rs 741 crore during the same period last year.
  • Royal Enfield sold 2,29,214 motorcycles in the quarter, an increase of 4% compared to 2,19,898 motorcycles sold over the same period in FY23.

Reflecting on Eicher Motors’ performance in the quarter gone by, Siddhartha Lal, Managing Director, Eicher Motors, said, “It has been a good quarter for us at Eicher Motors, as we recorded solid business and financial performance across the board. We have strengthened our portfolio and further built on our success as we launched two new motorcycles - the much-awaited new Himalayan, and the stunning Shotgun 650 - and we closed the year with an amazing edition of the Motoverse. The new motorcycles have created waves across the globe and have earned us love, appreciation and accolades. We believe the Himalayan on the new Sherpa 450 platform has the potential to change adventure touring around the world, and significantly grow the middleweight motorcycling segment. The new Himalayan won the Indian Motorcycle of the Year - IMOTY; our 4th IMOTY in the last six years. At VE Commercials Vehicles, we recorded our best third quarter ever, with strong sales and improved market share across all business segments. We have recently announced our entry into the growing Small Commercial Vehicle segment with an Electric-First offer which will be available from 2025”

Speaking about Royal Enfield’s exhilarating performance, B. Govindarajan, CEO - Royal Enfield and Wholetime Director, EML said, “It has been a great quarter at Royal Enfield as we’ve continued on our strong growth momentum and have registered our highest ever sales for the quarter. We have further strengthened our product portfolio with the launches of the all-new Himalayan, the Shotgun 650 and new colourways on the Meteor 350. These motorcycles have resonated very strongly with consumers across the world. We also launched our new connected-vehicle solution, Royal Enfield Wingman, on the Super Meteor 650. To bring more value-added services and seamless experiences, we launched the industry-first Assured Buyback, and REOWN programmes as well. We’ve made significant steps in our sustainability journey and the recent recognition we’ve received from CII’s Indian Green Building Council (IGBC) for our global headquarters in Chennai is a testament to our consistent efforts towards attaining a greener future. Also, we are proud to announce that our Oragadam facility has been awarded Future Ready Factory Of The Year 2023 by Frost Sullivan’s India Manufacturing Excellence Awards''

Result PDF

Automobile company Eicher Motors announced Q2FY24 results:

  • Highest ever revenue from operations at Rs 4,115 crore, up 17% as compared to Rs 3,519 crore in Q2FY23
  • EBITDA was Rs 1,087 crore, up 32% compared to Rs 822 crore in Q2FY23.
  • The company also registered its highest-ever Profit after tax at Rs 1,016 crore, registering a strong growth of 55% in comparison to Rs 657 crore during Q2FY23.
  • Royal Enfield sold 2,29,496 motorcycles in the quarter, an increase of 13% from 2,03,451 motorcycles sold over Q2FY23.

Talking about Eicher Motors’ performance, Siddhartha Lal, Managing Director, Eicher Motors Ltd, said, “At the halfway mark for the financial year, we have registered remarkable performance both at Royal Enfield and VE Commercial Vehicles. At Royal Enfield, we’ve had a very busy few months, as we launched the iconic Bullet on the super refined J-series engine, thereby completing our 350cc portfolio transition to the new engine platform. We showcased the most anticipated adventure motorcycle of the year, the all-new Himalayan at the EICMA Motor Show. Both motorcycles have spurred immense consumer interest across the world. At EICMA, we also presented our vision for the future of sustainable mobility with the Electric Himalayan Testbed - a concept electric adventure motorcycle. The feedback we’ve received on this from global experts reiterates our confidence in our approach and enthuses us to power ahead with more ideas that are well underway. At VECV, we have had the best second quarter in terms of sales across all the segments. We continued on our sustainability mobility journey with deliveries of our electric buses to the customers and signed MoUs with leading e-commerce and mobility firms for the supply of over 1000 electric trucks and buses.”

Speaking on Royal Enfield’s performance, B. Govindarajan, CEO - of Royal Enfield and Wholetime Director, EML said, “It has indeed been a very exciting and busy quarter for us at Royal Enfield, as we registered our highest-ever sales performance with close to 2,29,500 motorcycles. We’ve had a very exciting quarter as our key project on the adventure motorcycle front, the all-new Himalayan 450 came alive, at the EICMA Motor Show. Based on Royal Enfield’s first liquid-cooled, all-new Sherpa-450 engine, this motorcycle has been tested across a wide range of terrains and conditions and has even been ridden to the world’s highest motorable pass at Umling-La. The new Himalayan is a truly capable motorcycle that is ready for anything, and we will be launching this very soon at our annual motorcycling festival - Motoverse - in November. At an overall level, we are well poised for the rest of the festive season. Consumer response to our new launches has been spectacular and we are encouraged by the confidence and support of our stakeholders, as we have emerged as First Runner Up in the dealer satisfaction survey conducted by the Federation of Automobile Dealers Association (FADA).”

 

Result PDF

2/3 Wheelers company Eicher Motors announced Q1FY24 results:

  • Revenue from operations for Q1FY24 was at Rs 3,986 crore, up 17.3% as compared to Rs 3,397 crore in Q1FY23.
  • EBITDA was Rs 1,021 crore, up 22.8% as compared to Rs 831 crore in Q1FY23.
  • Profit after tax was Rs 918 crore, up 50.4% as compared to a profit of Rs 611 crore during Q1FY23. This is the best-ever Q1 performance for the company and is also the fourth consecutive quarter of the highest ever Revenue from operations and PAT.
  • Royal Enfield sold 2,25,368 (consolidated) motorcycles in Q1FY24, an increase of 21.1% from 1,86,032 (consolidated) motorcycles sold over Q1FY23.

Talking about Eicher Motors’ performance, Siddhartha Lal, Managing Director & CEO, Eicher Motors, said, “We recorded an excellent performance in FY23, and we have had a solid start to FY24. Q1 has been significant for Eicher Motors Limited as both Royal Enfield and VECV have registered their best-ever first-quarter performance, and have recorded tremendous growth. At Royal Enfield, the Hunter 350 and Super Meteor 650 have significantly helped us in growing the market and continue to bring in a new set of consumers from across the globe, which has further increased the addressable market for us. As we continue to strengthen our product portfolio we have some really exciting and amazing motorcycles being launched in the forthcoming quarters. At VE Commercial Vehicles, we registered our highest-ever sales and revenue for Q1 and made strong market-share gains in both - Light Medium duty and Heavy duty trucks. Overall, we are on a solid growth path and have a resolute focus on our long-term strategic business objectives”

Speaking on Royal Enfield’s performance, B. Govindarajan, CEO, Royal Enfield, and Wholetime Director, EML said, “At Royal Enfield we continue on our robust growth momentum, and have registered our highest ever Q1 sales, beating our previous high of Q1FY19. With our diverse range of products, we have been able to maintain a healthy market share in the mid-size segment not only in India but have also been able to sustain our standing in overseas markets. A big highlight for us during the quarter was the spectacular performance of the Hunter 350 as the motorcycle recently crossed the 2,00,000 global sales mark in just eleven months since launch. In June, we announced our fifth global CKD facility outside India in Nepal. This facility will help us cater to the growing and expanding Nepal and SAARC region. We are fueled by consumer responses to our new motorcycles, and by our commitment towards our long-term strategic vision. We will continue to strive to offer best-in-class products and experiences for our consumers.”

 

 

Result PDF

Automobiles company Eicher Motors announced Q4FY23 & FY23 results:

  • EML Q4FY23:
    • Revenue from operations at Rs 3,804 crore, up 19.1% as compared to Rs 3,193 crore in Q4FY22
    • EBITDA was Rs 934 crore, up 23.3% as compared to Rs 757 crore in Q4FY22
    • Profit After Tax was Rs 906 crore, an increase of 48.4% as compared to Rs 610 crore Q4F22
    • During the quarter, Royal Enfield recorded sales of 2,14,685 motorcycles, up 17.9% from 1,82,125 motorcycles sold during Q4FY22
  • VECV Q4FY23: 
    • Revenue from operations at Rs 6,200 crore, up 43.9% from Rs 4,307 crore in Q4FY22
    • EBITDA was Rs 619 crore, up 114.7% from Rs 288 crore in Q4FY22
    • Profit After Tax was Rs 319 crore, an increase of 222.2% from Rs 99 crore in Q4FY22
    • During the quarter, VECV recorded the highest-ever quarterly sales of 26,376 units, up 31.3% from 20,093 units sold during Q4FY22
  • EML FY23:
    • Revenue from operations was Rs 14,442 crore up by 40.2% vs Rs 10,298 crore recorded for FY22
    • EBITDA was at Rs 3,444 crore, up by 58.5% as compared to Rs 2,172 crore in FY22
    • Profit After Tax was recorded at Rs 2,914 crore, up by 73.8% as compared to Rs 1,677 crore for FY22
    • During FY23, Royal Enfield registered the highest-ever motorcycle sales at 8,34,895 units (standalone), up by 38.4% from 6,02,268 (standalone) in FY22, and up from its previous best performance in 2018-19
    • During the year, Royal Enfield also crossed the 1,00,000 export shipments milestone for the first time
  • VECV FY23:
    • Revenue from operations was Rs 18,952 crore, up by 48.9% over FY22 revenue of Rs 12,724 crore
    • EBITDA for FY23 was Rs 1,369 crore, 91.2% higher than Rs 716 crore in FY22
    • Profit after tax stood at Rs 581 crore as against Rs 111 crore in FY22
    • VECV recorded sales of 79,623 vehicles for FY23, a growth of 39.5% over 57,077 vehicles in FY22
  • The Board of Directors of the company at their meeting held on May 11, 2023, considered and recommended a final dividend aggregating to Rs 1,011.88 crore (34.7% of PAT) at Rs 37 per share (nominal value of Rs 1 per share) for the financial year ended March 31, 2023
  • In addition, the Board has also approved a cash outlay towards capex of Rs 1,000 crore for FY24, which also includes the investment in an EV manufacturing facility and product development and new product development under the Internal Combustion Engine portfolio.

Talking about the performance Siddhartha Lal, Managing Director, Eicher Motors, said, “The world has settled into a ‘new normal’ after two years of chaos and uncertainties that kept throwing business out of gear. In line with that, this was an outstanding year for Eicher Motors. We saw overall stabilization of the supply chain, markets, and also the organization, and made significant progress on all important initiatives resulting in our best-ever business and financial performance, both at Royal Enfield and VE Commercial Vehicles. This is a strong testament to our strategic vision, direction, and business approach. At Royal Enfield, we launched the Hunter 350 and the Super Meteor 650 this year, and the consumer response to these motorcycles has been incredible across the world. We are also making confident strides in our EV journey as we’ve made considerable progress on our EV motorcycle plans and also had a great start to our partnership with Stark Future. At VE Commercial Vehicles as well, we have recorded a brilliant performance this year, as we registered our highest-ever sales, and revenue and made strong market-share gains across segments. We also showcased an array of alternative fuel and future-ready options at the Auto Expo 2023. Going ahead, we firmly believe that Eicher Motors Ltd is set for the next phase of growth and we look forward to bringing new ideas and innovations, across both companies.”

 

 

Result PDF

Trending News

China has announced restrictions on silver exports from 2026

China has announced restrictions on silver exports from 2026

Published on 15-Dec-2025 09:03

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

Published on 15-Dec-2025 09:01

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

Published on 15-Dec-2025 09:00

ACE and Sanghvi Movers have signed a strategic MoU

ACE and Sanghvi Movers have signed a strategic MoU

Published on 12-Dec-2025 09:05

Chalet Hotels has announced its plans to acquire a resort in Udaipur

 Chalet Hotels has announced its plans to acquire a resort in Udaipur

Published on 12-Dec-2025 09:04

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status