Eicher Motors Ltd reported its financial results for the third quarter of FY25, with net profit, revenue, and EBITDA posting double-digit growth. The Royal Enfield bike maker said its Q3 net profit rose 17.5 percent year-on-year to Rs 1,170.5 crore, which was slightly below Moneycontrol’s estimates.
The company’s revenue from operations increased 19 percent on-year to Rs 4,973.1 crore, while earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 10 percent to Rs 1,201 crore.
The performance was supported by higher sales at Royal Enfield and growth at VE Commercial Vehicles (VECV), despite challenges in the commercial vehicle market, Eicher Motors said in a statement.
On the stock market, Eicher Motors’ share price ended 0.69 percent lower at Rs 5,335.35 on the NSE on Monday ahead of the Q3 earnings announcement.
Also read | Eicher Motors names Siddhartha Lal executive chairman, Govindarajan as MD
Record sales of Royal Enfield bikes
Royal Enfield recorded its highest-ever quarterly motorcycle sales, delivering 2,69,039 units, up 17 percent from a year ago. Meanwhile, VECV reported its highest-ever third-quarter volumes, revenue, and profits, selling 21,012 vehicles during the quarter.
Siddhartha Lal, managing director of Eicher Motors, said the company saw strong festive season sales and launched its electric vehicle brand, Flying Flea. “With a strong and diverse product portfolio, we are well on track to meet the evolving needs of riders across the world,” he said.
Royal Enfield CEO B Govindarajan said demand remained steady, helped by product launches and operational improvements.
The Hunter 350 crossed 5 lakh units in sales. Royal Enfield also expanded its international presence by opening its first fully owned CKD facility outside India in Thailand, as part of its strategy to strengthen its position in the Asia-Pacific region.
Commercial Vehicles unit powers ahead
VECV reported a 6 percent rise in revenue to Rs 5,801 crore, while EBITDA grew 16 percent to Rs 509 crore. Net profit increased 44 percent to Rs 301 crore. “Even as the commercial vehicle industry remained sluggish, VECV strengthened its market share across segments,” said Vinod Aggarwal, MD and CEO of VECV.
Eicher Motors said it is expanding its electric mobility focus. Its Flying Flea brand is working with Qualcomm Technologies to integrate next-generation connectivity into its upcoming electric motorcycles, which will offer real-time diagnostics, navigation, and personalised ride settings.
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