Eicher Motors Q2 net profit rises 15% to Rs 1,573 crore, misses estimates

Eicher Motors on Friday reported a 15% year-on-year increase in second-quarter consolidated net profit as costs from rising raw materials offset gains from strong motorcycle sales.

September-quarter consolidated net profit stood at Rs 1,573 crore, below analysts’ estimates. Analysts had estimated consolidated net profit of Rs 1,626 crore, according to data compiled by LSEG.

The company’s revenue from operations rose 20% year-on-year to Rs 7,422 crore.


EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter grew by 16% to a record Rs 1,760 crore compared with Rs 1,512 crore a year ago.

Eicher Motors’ flagship motorcycle brand Royal Enfield recorded its highest-ever quarterly sales of 3,76,722 units, up 15% from 3,27,067 a year ago.

“Q2 of FY27 has been the best-ever quarter for Eicher Motors, with both Royal Enfield and VECV delivering solid performances,” said B Govindarajan, managing director, Eicher Motors, and chief executive officer, Royal Enfield. “At Royal Enfield, the robust demand across domestic and key international markets drove our highest-ever quarterly and festive wholesales across September and October.”

Govindarajan said the company’s international markets, too, continued to grow, supported by new motorcycle launches.

Expenses last quarter went up nearly 22% on the back of higher input costs. The company raised prices of Royal Enfield motorcycles by 1.75% earlier this year to offset these costs.

Meanwhile, VE Commercial Vehicles’ (VECV) revenue from operations last quarter stood at Rs 7,569 crore, up 24% from Rs 6,106 crore a year ago. EBITDA for the second quarter rose 23% to Rs 588 crore from Rs 479 crore a year ago. Profit after tax stood at Rs 342 crore as against Rs 249 crore last year. VECV recorded sales of 28,071 vehicles in the second quarter, up 28.2% from 21,901 vehicles in the previous year.