Eicher Motors Q2 Results: Net profit rises 24% to Rs 1,369 crore, Royal Enfield records highest-ever quarterly sales

Eicher Motors Q2 Results: Net profit rises 24% to Rs 1,369 crore, Royal Enfield records highest-ever quarterly sales

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26 Aug, 2025 12:21

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Eicher Motors on November 13 reported a consolidated net profit of Rs 1,369.45 crore for the second quarter of the ongoing financial year 2026. This marks a 24.5 percent year-on-year (YoY) rise from the Rs 1,100 crore net profit reported in the corresponding quarter of the previous financial year.

The Royal Enfield-maker’s revenue from operations meanwhile rose nearly 45 percent YoY to Rs 6,171.59 crore in Q2 FY26, from Rs 4,263.07 crore in Q2 FY25. Expenses also grew around 45 percent YoY to Rs 4,878.41 crore during the quarter under review.

Eicher Motors reported a 39 percent YoY rise in EBITDA to Rs 1,512 crore, with Royal Enfield recording its highest-ever quarterly sales volume of 3,27,067 motorcycles during Q2 FY25, up 45 percent from the same period last year.

Speaking about the company’s performance, Eicher Motors CEO said, “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."

"Our ongoing focus on developing sustainable and efficient transport solutions positions us strongly for the future. As we progress, our dedication to long-term value creation remains firm, driven by customer-centric innovation, global aspirations, and meaningful brand experiences at every level," he added.

VE Commercial Vehicles' (VECV) revenue from operations rose 10.3 percent YoY to Rs Rs 6,106 crore, while EBITDA increased 8 percent YoY to Rs 479 crore during the quarter under review. The segment's profit after tax stood at Rs 249 crore in Q2 FY26, as against Rs 208 crore last year. VECV recorded sales of 21,901 vehicles in the second quarter, up from 20,774 vehicles last year.

The firm's management said that Q2 FY26 was the 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. Volvo Trucks and Buses continue to dominate their respective segments," said Vinod Aggarwal, MD and CEO, VECV and Vice Chairman, Eicher Motors.

Also read: Our LIVE blog on Q2 updates