Eicher Motors' Q2 FY 2025-26 Quarterly Results

Result Summary

• Eicher Motors Ltd reported a 18.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 41.3%.
• Its expenses for the quarter were up by 20.4% QoQ and 44.8% YoY.
• The net profit increased 13.6% QoQ and increased 24.5% YoY.
• The earnings per share (EPS) of Eicher Motors Ltd stood at 49.85 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Eicher Motors Ltd is a prominent player in the automotive industry, primarily known for its motorcycles and commercial vehicles. The company is particularly recognized for its iconic Royal Enfield motorcycles, which have a strong heritage and fan base worldwide. Besides motorcycles, Eicher Motors is also involved in the manufacturing of trucks and buses through its joint venture with Volvo Group under the name VE Commercial Vehicles (VECV). The company has a significant presence in India and is expanding its reach globally. As of the latest updates, there are no specific new developments provided for Eicher Motors Ltd.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Eicher Motors Ltd reported a total income of ₹6,522.51 crores, marking an 18.9% increase quarter-over-quarter (QoQ) from ₹5,487.90 crores in Q1FY26. Compared to the same quarter in the previous fiscal year (Q2FY25), there was a significant year-over-year (YoY) growth of 41.3% from ₹4,616.85 crores. This substantial growth in total income indicates a strong performance over both the quarter and the year. The increase in revenue could be attributed to various factors, including expanded sales of their products or effective cost management strategies, though these are not detailed in the provided data.

Profitability

Eicher Motors Ltd's profitability in Q2FY26 reflects robust growth. The profit before tax (PBT) for the quarter stood at ₹1,644.10 crores, which is a 14.5% increase QoQ from ₹1,435.88 crores in Q1FY26. On a YoY basis, PBT grew by 31.7% from ₹1,248.30 crores in Q2FY25. The company reported a profit after tax (PAT) of ₹1,369.45 crores in Q2FY26, up by 13.6% QoQ from ₹1,205.22 crores in Q1FY26 and by 24.5% YoY from ₹1,100.33 crores in Q2FY25. The tax expenses for the quarter were ₹409.56 crores, showing a lesser increase of 5.6% QoQ but a significant YoY increase of 56.5% from ₹261.72 crores. These figures reflect strong profitability growth, supported by both operational efficiencies and revenue increases.

Operating Metrics

Eicher Motors Ltd saw its total expenses rise to ₹4,878.41 crores in Q2FY26, which is a 20.4% increase QoQ from ₹4,052.02 crores in Q1FY26 and a 44.8% increase YoY from ₹3,368.55 crores in Q2FY25. This sharp increase in expenses aligns with the company's revenue growth, suggesting expanded operations or increased cost of goods sold. The company's earnings per share (EPS) also increased to ₹49.85 in Q2FY26, a growth of 13.6% QoQ from ₹43.89 in Q1FY26 and 24.4% YoY from ₹40.06 in Q2FY25. These metrics indicate that the company is effectively maintaining its profitability per share despite rising expenses, potentially due to increased operational efficiency or strategic investments in growth areas.