Eicher Motors Reports Strong Q1 Results with 14.8% Revenue Growth
Eicher Motors Limited announced robust Q1 results with revenue from operations increasing by 14.8% to ₹5,041.84 crores. The company's Profit After Tax (PAT) grew by 9.4% to ₹1,205.22 crores. Royal Enfield sales increased by 14.7% to 261,326 motorcycles, while VE Commercial Vehicles saw an 11.9% revenue growth. The company launched a refreshed Hunter 350 and expanded internationally by introducing the Classic 350 in Nepal. Despite strong overall performance, EBITDA margin declined to 23.86% from 26.53% in the previous year.

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Eicher Motors Limited (EML) has announced its unaudited consolidated financial results for the first quarter, showcasing robust growth across key financial metrics.
Financial Highlights
Metric | Q1 Current Year | Q1 Previous Year | Growth |
---|---|---|---|
Revenue from operations | ₹5,041.84 crores | ₹4,393.05 crores | 14.8% |
EBITDA | ₹1,203.00 crores | ₹1,165.00 crores | 3.2% |
Profit After Tax (PAT) | ₹1,205.22 crores | ₹1,101.46 crores | 9.4% |
Operational Performance
Royal Enfield
- Total sales of 261,326 motorcycles, marking a 14.7% growth from 227,736 units sold in the same quarter of the previous fiscal year.
- The refreshed Hunter 350 continues to be a key driver of growth.
VE Commercial Vehicles (VECV)
Eicher's joint venture with Volvo Group delivered:
- Sales of 21,610 units, up from 19,702 units in the previous year.
- Revenue growth of 11.9% to ₹5,671.00 crores from ₹5,070.00 crores.
- EBITDA increase of 32.6% to ₹511.00 crores from ₹385.00 crores.
- Overall market share improved to 18.7% compared to 17.3% last year.
Key Developments
Product Innovation: Royal Enfield launched the refreshed Hunter 350 with enhanced features.
International Expansion: The company launched the Classic 350 in Nepal through its local CKD facility, strengthening its presence in the SAARC region.
Employee Stock Options: The company issued 88,160 equity shares under employee stock option plans and granted 163,933 restricted stock units to eligible employees during the quarter.
Other Income: Other income included ₹217.60 crores dividend from joint venture VE Commercial Vehicles Limited.
Additional Financial Metrics
- Standalone net profit after tax rose to ₹1,306.49 crores compared to ₹1,088.02 crores in the same quarter last year.
- Standalone revenue from operations increased to ₹4,908.41 crores from ₹4,231.28 crores year-on-year.
- Basic earnings per share stood at ₹47.65 versus ₹39.72 in the previous year quarter.
Market Performance
While Eicher Motors reported strong overall results, some metrics were slightly below market estimates:
- EBITDA of ₹1,203.00 crores was slightly below the estimated ₹1,207.00 crores.
- EBITDA margin declined to 23.86% from 26.53% in the previous year, missing the 24% estimate.
- Consolidated net profit of ₹1,205.22 crores was marginally below the ₹1,208.00 crores estimate.
Despite these minor misses, the company's revenue of ₹5,041.84 crores exceeded the estimated ₹5,017.00 crores, demonstrating strong top-line growth.
Eicher Motors' focus on product innovation, global expansion, and operational efficiency positions it well for continued growth in the automotive sector. The company remains committed to long-term value creation through customer-centric innovation and meaningful brand experiences across its divisions.
Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.
Historical Stock Returns for Eicher Motors
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.49% | +2.15% | -2.90% | +2.97% | +11.70% | +167.06% |