Eicher Motors posts 15 pc growth in Q2 net profit to Rs 1 573 cr

New Delhi, Nov 13 (PTI) Eicher Motors Ltd on Friday posted 15 per cent year-on-year growth in consolidated net profit for the second quarter of the current fiscal, with robust growth in operating performance, and Royal Enfield and commercial vehicle volumes.

     The company's consolidated net profit for the quarter came in at Rs 1,573 crore, against Rs 1,369 crore in the year-ago period, according to a regulatory filing.

     Its Ebitda stood at Rs 1,760 crore, up 16 per cent from Rs 1,512 crore a year ago.

     Revenue from operations grew 20 per cent year-on-year to a record Rs 7,422 crore from Rs 6,172 crore in Q2 FY26.

     Royal Enfield recorded its highest-ever quarterly volume of 3.77 lakh motorcycles, up 15 per cent YoY, while VECV sales rose 28.2 per cent to 28,071 units.

     Eicher Motors received Rs 186 crore as its share of profit from the joint venture VE Commercial Vehicles Ltd (VECV), compared to Rs 135 crore in the preceding fiscal.

     "At Royal Enfield, the robust demand across domestic and key international markets drove our highest-ever quarterly and festive wholesales across September and October. This reflects the strength of our portfolio and growing affinity for the brand, even as market conditions continue to evolve," said B Govindarajan, the MD of Eicher Motors and CEO of Royal Enfield.

     VECV's net profit for the quarter grew to Rs 342 crore from Rs 249 crore in the year-ago period, while its Ebitda for the second quarter rose 23 per cent to Rs 588 crore from Rs 479 crore. Revenue from operations recorded 24 per cent growth to Rs 7,569 crore from Rs 6,106 crore.

     VECV MD and CEO B Srinivas noted that the joint venture's numbers reflect disciplined execution that overcame supply chain challenges and inflation pressures linked to the West Asian crisis.

(This story has not been edited by THE WEEK and is auto-generated from PTI)