Eicher Motors’ Q1FY25 Results
- 12 Aug 2024
- Eicher Motors reported a 2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11%.
- Its expenses for the quarter were up by 3% QoQ and 9% YoY.
- The net profit increased 3% QoQ and 20% YoY.
- The earnings per share (EPS) of Eicher Motors stood at 40.1 during Q1FY25.
Eicher Motors’ Financial Statements for Q1FY25:
| (₹ crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 4,230 | 4,561 | 4,675 | 2% | 11% |
Total expenses | 3,118 | 3,308 | 3,409 | 3% | 9% |
Profit before tax | 1,212 | 1,385 | 1,441 | 4% | 19% |
Tax | 293 | 315 | 340 | 8% | 16% |
Profit after tax | 918 | 1,070 | 1,101 | 3% | 20% |
Earnings per share | 33.5 | 39.0 | 40.1 |
Financials:
- Revenue: ₹4,675 crores, up 11% YoY from ₹4,230 crores.
- Net Profit: ₹1,101 crores, up 20% YoY from ₹918 crores.
- EBITDA: ₹1,165.5 crores, a 14.2% increase YoY from ₹1,021 crores.
- EBITDA Margin: Improved to 26.5% from 25.6% YoY.
- Sales Volume: 2,27,736 motorcycles sold, compared to 2,25,368 in Q1FY24.
- Earnings Per Share (EPS): EPS stood at ₹40.1, up from ₹33.5.
Management Commentary:
Siddhartha Lal, managing director of Eicher Motors Ltd., said,
“After a strong performance in FY24, we have started this year on a confident note, registering our best-ever quarterly financial performance with both Royal Enfield and VECV reporting steady growth. At Royal Enfield, we launched the Guerrilla 450, our premium, modern roadster on the Sherpa platform. We believe the Guerrilla is a formidable motorcycle with strong potential and will be a game changer in the category."
B. Govindarajan, CEO - Royal Enfield and whole-time Director, EML said,
"Royal Enfield has witnessed a good start to FY25. Our diverse product range has strengthened our position in the mid-size segment across the globe. This quarter has been particularly notable for our performance in the international markets. We have launched Himalayan 450 across APAC, EU, UK, and Mexico. In our commitment to sustainable travel and support to the Himalayan communities, we also introduced Camp Kharu in Ladakh, a first of many to come Green Pit Stops. Reinforcing our dedication to exceptional rider satisfaction and the ‘pure motorcycling’ ethos, we announced 'Borderless Warranty Program', providing riders with warranty coverage across 70+ countries. We remain focused on innovation and excellence, driving forward with a commitment to delivering extraordinary experiences to riders around the world.”
Data Source: BSE, Company announcements
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