Eicher Motors Q3 FY25 Results: Royal Enfield parent Eicher Motors on Monday staged a record quarterly performance on the back of unprecedented sales across businesses. However, its top-as well as bottom-lines almost met analysts’ expectations. The company registered record quarterly sales volumes in Royal Enfield and VECV.
Eicher Motors Q3 FY25 Earnings: How the auto giant fared on the top-line and bottom-line fronts vs analysts’ estimates
The auto major registered a consolidated net profit of Rs 1,170.5 crore for the quarter ended December 31, marking a 17.5 per cent increase over the corresponding period a year ago.
Its third-quarter revenue expanded 19 per cent to Rs 4,973.1 crore on a year-on-year basis, according to a regulatory filing.
According to Zee Business research, Eicher Motors was estimated to log a consolidated net profit of Rs 1,175 crore and revenue of Rs 5,035 crore.
Royal Enfield, a sbusidiary of Eicher Motors, clocked its highest-ever quarterly sales volumes, at 2,69,039 motorcycles, up 17 per cent on a year-on-year basis.
VECV, a joint venture between Eicher Motors and the Volvo Group, logged a 1.5 per cent rise in its sales to 21,012 units for the quarter.
Eicher Motors Q3 Results: How the auto maker fared on the operational front
Eicher Motors said its earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 10 per cent to Rs 1,201 crore.
Zee Business analysts had pegged Eicher’s quarterly EBITDA at Rs 1,300 crore.
Eicher Motors Management Commentary
Eicher Motors Managing Director Siddhartha Lal said the December quarter was “incredibly rewarding” for the company “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. With a strong and diverse product portfolio, we are well on track to meet the evolving needs of riders across the world. Even as the commercial vehicle industry remained sluggish, VE Commercial Vehicles grew volumes quarter-on-quarter with strengthened market share in all segments,” said Lal.
With this momentum across both motorcycle and CV businesses, Eicher is confident of continued success in the future as well, he said.
Eicher Motors Board Changes
Eicher Motors announced the appointment of Lal as its board’s Executive Chairman, following the retirement of Chairman S Sandilya.
The board also appointed Vinod Aggarwal as the Vice Chairman (Non-executive), and B Govindarajan as the new Managing Director of EML.
Aggarwal will continue to serve as MD and CEO of VE Commercial Vehicles while Govindarajan will retain his role as the CEO of Royal Enfield, said the company.
The Eicher Motors board also appointed Ira Gupta and Arun Vasu as Independent Directors.
Eicher Motors Share Price News
Earlier on Monday, Eicher Motors shares ended weaker by Rs 43.4, or 0.8 per cent, at Rs 5,329.5 apiece on BSE.
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