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Informist, Tuesday, Feb. 10, 2026

 

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--Eicher Motors Oct-Dec consol net profit INR 14.21 bln
--Analysts saw Eicher Motors Oct-Dec consol net profit at INR 13.84 bln
--Eicher Motors Oct-Dec consol revenue INR 61.14 bln
--Analysts saw Eicher Motors Oct-Dec consol revenue at INR 60.34 bln
--Eicher Motors Oct-Dec consol PAT INR 14.21 bln vs INR 11.71 bln yr ago
--Eicher Motors Oct-Dec consol sales INR 61.14 bln vs INR 49.73 bln yr ago
--Eicher Motors Oct-Dec labour code implementation cost INR 554.50 mln
--Eicher Motors Apr-Dec consol PAT INR 39.95 bln vs INR 33.72 bln yr ago
--Eicher Motors Apr-Dec consol sales INR 173.27 bln vs INR 136.29 bln yr ago
--Eicher Motors to invest INR 9.58 bln for Royal Enfield capacity addition
--Eicher Motors to add capacity to make up to 540,000 Royal Enfield motorcycles
--Eicher Motors Oct-Dec consol EBITDA INR 15.57 bln, up 30% on yr
--Eicher Motors Q3 VE CV revenue INR 70.19 bln vs INR 58.01 bln yr ago
--Eicher Motors Q3 VE CV EBITDA INR 6.52 bln vs INR 5.17 bln yr ago

 

By Anand JC

 

NEW DELHI – Eicher Motors Ltd. reported a double-digit growth in its consolidated revenue for the fifth consecutive quarter in the December quarter as despatches of its Royal Enfield-branded motorcycles grew in double-digits in a period which saw the full pass-through of the cut in goods and services tax. The company's board also approved a brownfield expansion at its plant in Cheyyar, Tamil Nadu, for INR 9.58 billion which will see its capacity increase by a little over 500,000 units per annum to around 2 million units per annum by 2027-28 (Apr-Mar).  

 

The consolidated net profit of Eicher Motors for the December quarter was INR 14.21 billion, up 21% on year and nearly 4% on quarter. Analysts had pegged the company's bottom line at INR 13.84 billion.

 

Eicher Motors operates in the two-wheeler segment through its Royal Enfield-branded motorcycles and commercial vehicle segments through its joint venture with Swedish firm Volvo Group, VE Commercial Vehicles Ltd. Its share of profit from this joint venture for the December quarter was INR 1.83 billion, up almost 12% on year and 36% on quarter.

 

The Bullet maker's consolidated top line for the quarter was INR 61.14 billion, up 23% on year and down almost a percent on quarter. The company's revenue from operations exceeded consensus estimation of a top line of INR 60.34 billion.

 

Eicher Motors' earnings before interest, tax, depreciation, and amortisation for the Deceber quarter grew 30% on year to INR 15.57 billion.

 

The company had sold 325,773 Royal Enfield motorcycles in the quarter under review, up 21% on year. "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," B. Govindarajan, the managing director of Eicher Motors and chief executive officer of Royal Enfield, said in a press release.

 

Sales of its VE Commercial Vehicles-branded vehicles stood at 26,086 units, up 24% on year. "The third quarter was marked by a strong recovery in the Commercial Vehicle industry following a prolonged monsoon. GST-reforms, coinciding with the traditional festive buying season, helped revive consumer sentiment and consumption-led demand for transportation," said Vinod Aggarwal, the managing director and chief executive officer of the joint venture. 

 

"We sustained our industry leadership in the LMD (light-to-medium duty) truck segment (5–18T GVW) while also recording growth across Buses and Heavy Duty Truck segments. The Service and Parts business also grew during the quarter, reflecting higher service penetration and vehicle utilisation across our truck and bus park," Aggarwal said. The joint venture's revenue from operations for the December quarter grew 21% on year to INR 70.19 billion while its EBITDA grew 26% on year to INR 6.52 billion.

 

On its brownfield expansion, Govindarajan said the investment will help it ramp-up capacity faster and in a cost-efficient manner. "This investment will augment our annual production capacity and allow us to meet the expanding existing and projected future demand...This project is aligned with our consistent growth focus and underscores our commitment to the evolving needs of our global community," he said. 

 

Eicher Motors' total expenses for the December quarter grew 21% on year to INR 47.86 billion. Cost of raw materials and components consumed, which form the bulk of its expenses for any given quarter, grew 26% on year to INR 32 billion. Staff costs grew 26% on year to INR 4.30 billion while other expenses grew 4% on year to INR 7.29 billion. 

 

The automaker recorded a one-time cost of INR 554.5 million in the quarter under review incurred at the group-level because of the impact of the four labour codes which became effective in November. Its tax expenses grew a touch over 28% on year to INR 3.73 billion.

 

In Apr-Dec, the company's consolidated bottom line grew 18% on year to INR 39.95 billion while its revenue grew 27% on year to INR 173.27 billion. Eicher Motors disclosed its December quarter earnings after the market closed. Tuesday, its shares closed 1.4% higher on the National Stock Exchange at INR 7,296.  End

 

Edited by Akul Nishant Akhoury

 

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