Eicher Motors Q3 Results: Cons PAT jumps 21% YoY to Rs 1,420 crore, revenue surges 23%

Two-wheeler major Eicher Motors reported a 21% jump in its December quarter consolidated net profit at Rs 1,420 crore compared to Rs 1,171 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.

The company's revenue from operations stood at Rs 6,114 crore in Q3FY26, up 23% over Rs 4,973 crore posted in the corresponding period of the last financial year.

The net profit was up 3.7% sequentially versus Rs 1,369 crore in Q2FY26 despite a 1% decline in the topline compared to Rs 6,172 crore in the July-September quarter of FY26.


The Royal Enfield maker has also received a nod from the company board for capacity expansion for its motorcycles. Eicher will spend Rs 958 crore for brownfield expansion at its Cheyyar (Tamil Nadu) plant. The existing capacity is around 14.6 lakh motorcycle units per year across all plants.

Following the expansion, the total capacity will be up to 20 lakh motorcycle units per year across all plants. The ramp-up will happen in a phased manner starting from Q1FY27 and is expected to be completed in FY28.

VECV sales

VE Commercial Vehicles (VECV) recorded sales of 26,086 vehicles in the third quarter, up from 21,010 vehicles in the previous year.

VECV’s revenue from operations in Q3FY26 stood at Rs 7,019 crores, up 21% from Rs 5,801 crores. EBITDA for the third quarter rose 26% to Rs 652 crores, from Rs 517 crores a year ago. Profit after tax stood at Rs 338 crores as against Rs 299 crores last year.

Management speak

Commenting on company's performance Managing Director B. Govindarajan said that Q3 continued to be a steady quarter backed by disciplined execution across Eicher Motors with encouraging performance from both Royal Enfield and VECV.

"At Royal Enfield, we continued to see healthy demand across markets, alongside consistent progress in strengthening our product pipeline, capacity building, and engagement with the riding community. The quarter was also significant from a brand and strategy perspective, as we kickstarted celebrations for our historic 125-year milestone at EICMA 2025," Govindarajan said.

Speaking about the capacity expansion, he added that the investment will augment company's annual production capacity and allow us to meet the expanding existing and projected future demand.

"By scaling our existing Cheyyar plant, we are ensuring a faster capacity ramp-up and cost-efficient operations. This project is aligned with our consistent growth focus and underscores our commitment to the evolving needs of our global community,” the MD said. He is also the CEO of Royal Enfield.