Eicher Motors Q3 results: Net profit rises 18% to ₹1,171 crore

Net profit of Eicher Motors, the maker of Royal Enfield motorcycle, rose 18% year-on-year to ₹1,171 crore for the quarter ended December. The company’s revenue from operations jumped 19% to ₹4,973 crore from ₹4,179 crore in the corresponding quarter of FY24.

Royal Enfield recorded its highest-ever quarterly sales volume of 269,039 motorcycles, up 17% from 229,214 motorcycles sold during Q3 FY 2023-24.

Operating profit or earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 10% to ₹1,201 crore.

“The past quarter has been incredibly rewarding for Eicher with an all-round record performance across the board. We recorded our best-ever festive performance, introduced exciting new motorcycles, and took our first step into electric mobility with the debut of our EV brand, Flying Flea,” says Siddhartha Lal, managing director, Eicher Motors.

Even as the commercial vehicle industry remained sluggish, VE Commercial Vehicles grew volumes quarter-on-quarter with strengthened market share in all segments, says Lal.

VE Commercial Vehicles’ revenue from operations in Q3 FY25 stood at ₹5,801 crore, up 6% from ₹5,483 crore in the same quarter of FY24. EBITDA for the third quarter rose 16% to ₹509 crore, from ₹437 crore a year ago. Profit grew by 44% to ₹301 crore from ₹209 crore in the corresponding quarter. VECV sold 21,012 vehicles in the third quarter, up from 20,706 vehicles a year ago. VECV delivered its highest-ever quarterly sales volumes with 21,012 units in Q3, surpassing the previous record of 20,706 units in corresponding three months of 2024.

“With this momentum across both motorcycle and commercial vehicle businesses, we are confident of continued success in the future as well,” says Lal.

“Royal Enfield has continued to strengthen its position in the mid-size motorcycle segment recording its best-ever quarter, driven by a robust demand for our motorcycles across the globe. Our performance in the last quarter is a result of the groundwork we put in through the year—preparing for key launches and optimising operations to ensure we were ready to deliver at this scale, especially during the festive season in India.,” says B. Govindarajan, CEO of Royal Enfield and wholetime director, Eicher Motors.

Royal Enfield also set up its first fully-owned CKD (completely knocked-down) facility outside India in Thailand. The 57,000 sq. ft. plant has a production capacity of 30,000 units annually and marks Royal Enfield's sixth global CKD unit, following plants in Argentina, Colombia, Brazil, Bangladesh, and Nepal.

Speaking on VECV’s performance, Vinod Aggarwal, MD and CEO of VECV, said, “VECV posted market-share gains in all segments and recorded a solid third quarter in a market that had still not recovered from the slowdown during the elections and uneven monsoon season.”