| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.2K | 22.4% | 44.8% |
| Total Income | 6.5K | 18.9% | 41.3% |
| Expenditure | 4.9K | 20.4% | 44.8% |
| PBT | 1.6K | 14.5% | 31.7% |
| Net Profit | 1.4K | 13.6% | 24.5% |
| OPM | 24.50% | 0.64pp | 8.05pp |
| NPM | 21.00% | 0.96pp | 0.37pp |
| EPS | 49.93 | 13.6% | 24.4% |
Eicher Motors Reports Record-Breaking Quarterly Performance; Revenue Grew 45%, EBITDA 39%, and Profit After Tax 25% YoY
13 Nov 2025 · 13 Nov 2025, 03:30 pm
Summary
Eicher Motors Ltd has reported its best ever quarterly performance with a 45% increase in revenue, 39% in EBITDA, and 25% in profit after tax compared to the corresponding quarter of the previous fiscal year. Royal Enfield recorded its highest-ever quarterly sales volume of 3,27,067 motorcycles, up 45% from the previous year. VECV reported a 10.3% increase in revenue and 8.0% in EBITDA.
Key Highlights
- 1
Eicher Motors reports record-breaking quarterly performance
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Revenue from operations grew 45% to ₹6,172 crores
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EBITDA grew 39% to ₹1,512 crores
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Profit After Tax rose 25% to ₹1,369 crores
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Royal Enfield registered best ever quarterly motorcycle sales at 3,27,067 units
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VECV reported sales of 21,901 units with a growth of 5.4%
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VECV revenue from operations stood at ₹6,106 crores, up 10.3%
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Eicher Pro Plus range of medium duty trucks with air-conditioned cabs launched
Management Comments
B. Govindarajan
Managing Director - Eicher Motors Ltd., and Chief Executive Officer - Royal Enfield
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.
Vinod Aggarwal
MD and CEO - VECV and Vice Chairman - Eicher Motors Ltd.
VECV delivered a solid performance in Q2 FY26, growing by 5.4% year-on-year 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. Profit After Tax for the quarter improved to ₹249.3 cr, 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.
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