Eicher Motors Q2 Results: Standalone PAT rises 8% YoY to Rs 1,010 crore, revenue up 7%

Eicher Motors Ltd on Wednesday reported 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024. The same stood at Rs 938 crore in the last year quarter.

Revenue from operations in the reporting period rose 7% year-on-year (YoY) to Rs 4,205 crore.

On a consolidated basis, the company reported a PAT growth of 8% YoY at Rs 1100 crore, while revenues were up 4% YoY to Rs 4,263 crore.


Consolidated EBITDA during the second quarter stood at Rs 1088 crore, which was flat compared with previous year period. Margins, meanwhile, declined to 25.5%.

During the quarter, Royal Enfield recorded sales of 2.25 lakh motorcycles as compared to 2.29 lakh units sold during the same period in FY24.

The company said the iconic Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. The debut featured two models: the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6.

"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," said Siddhartha Lal, Managing Director, Eicher Motors.

For the second quarter, VECV’s (VE Commercial Vehicles) revenue from operations rose 8% to Rs 5,538 crore and EBITDA came in at Rs 395 crore. Profit after tax for the business stood at Rs 209 crore.

VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year.

The VECV segment attained 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

Margins for the segment remained under pressure in a competitive market as the company continued to invest in growing our Heavy Duty truck presence.

On Wednesday, Eicher Motors shares closed nearly 3% lower at Rs 4,598.8 on NSE.