Latest news with #Classic350
Business Standard
4 hours ago
- Automotive
- Business Standard
Eicher Motors gains after Q1 PAT climbs 9% YoY to Rs 1,205 cr
Eicher Motors added 2.71% to Rs 5,618.75 after the company's consolidated net profit jumped 9.42% to Rs 1,205.22 crore in Q1 FY26 as against Rs 1,101.4 crore posted in Q1 FY25. Total revenue from operations rose 14.76% year on year to Rs 5,041.84 crore in the quarter ended 30 June 2025. Profit before tax (PBT) jumped 10.54% YoY to Rs 1,592.99 crore in Q1 FY26. The company reported an EBITDA of Rs 1,203 crore in Q1 FY26, marking a 3.26% year-on-year increase. However, the EBITDA margin declined to 23.9% in Q1 FY26, compared to 26.5% in Q1 FY25. During the quarter, Royal Enfield recorded sales of 261,326 motorcycles, representing a 14.7% increase from 227,736 units sold in Q1 FY25. VE Commercial Vehicles (VECV) reported revenue from operations of Rs 5,671 crore in Q1 FY26, up 11.9% from Rs 5,070 crore in the same quarter of FY25. EBITDA for the quarter rose 32.6% to Rs 511 crore, compared to Rs 385 crore a year earlier. VECV sold 21,610 vehicles during the quarter, an increase from 19,702 vehicles sold in Q1 FY25. B Govindarajan, managing director of Eicher Motors and chief executive officer of Royal Enfield, commented on the companys performance, At Eicher Motors, we had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. We continue to build consistent momentum in volumes, profitability, and the strength of our overall portfolio. At Royal Enfield, we sustained our growth momentum in the first quarter, driven by a continued focus on product innovation, immersive riding experiences, and a deeper expression of pure motorcycling. The refreshed Hunter 350 remains a key growth driver, both in terms of volumes and community engagement. Advancing our global ambitions, we strengthened our presence in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed line-up of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement. VECV has also delivered consistent growth, supported by a strong product portfolio and a sharp understanding of Indias evolving commercial mobility needs. Our ongoing investment in sustainable and efficient transport solutions positions us well for the future. As we move forward, our commitment to long-term value creation remains strong driven by customer-centric innovation, global ambition, and meaningful brand experiences at every level. Vinod Aggarwal, MD and CEO of VECV and vice chairman of Eicher Motors, commented on VECVs performance: VECV delivered its best-ever first quarter with 21,610 units sold in Q1 FY26, up 9.7% year-on-year, broadening its footprint in a largely flat market. Overall market share improved to 18.7%, compared to 17.3% last year, driven by continued leadership in LMD trucks with a 34.5% share, and strong performance in buses, where total bus volumes grew 14.8% and market share rose to 21.5%. Exports increased by 20.5% over the previous year. Deliveries of the all-electric Eicher Pro X in the SCV segment (2.03.5T) continue to gain momentum. Heavy-duty volumes were marginally lower due to a smaller total market, despite market share gains. Our connected vehicle solution, My Eicher, now connects 150,000 customers, representing 350,000 vehicles. VECV reported strong revenue growth and expanded profit margins, supported by better volumes, pricing, and cost discipline. Profit after tax (PAT) was lower compared to the previous year, primarily due to a one-off impact in Q1 FY25 related to deferred tax reversal. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.
Hindustan Times
7 hours ago
- Automotive
- Hindustan Times
Royal Enfield drives Eicher Motors' Q1 FY26 gains, VECV posts strong revenue
Eicher Motors Limited (EML) has reported its first-quarter FY2025–26 financial results with record-high consolidated revenue and significant gains in both of its two flagship businesses— Royal Enfield and VE Commercial Vehicles (VECV). Both verticals saw growth, but Royal Enfield continued to be the prime driver of momentum, backed by high domestic sales and growing international reach. Both verticals saw growth, but Royal Enfield continued to be the prime driver of momentum, backed by high domestic sales and growing international reach. Royal Enfield maintains growth trajectory In Q1 FY26, Royal Enfield retailed 261,326 motorcycles, up by a 14.7 per cent increase over the 227,736 motorcycles sold in the previous year in the same quarter. The growth in volumes helped Eicher Motors clock ₹5,042 crore in consolidated revenue from operations—its highest-ever for the first quarter—reflecting a 14.8 per cent year-on-year rise. Profit after tax stood at ₹1,205 crore, up 9.4 per cent from the previous year. Royal Enfield's performance was bolstered by multiple product and cultural initiatives. The company launched the 2025 Hunter 350 at its inaugural street culture festival, HunterHood, in Mumbai and Delhi. The new model gets new colour schemes, better ergonomics, a slip-assist clutch, and LED lighting without compromising on its signature 349cc J-series engine. Internationally, Royal Enfield established itself further in South Asia by locally producing and introducing the Classic 350 in Nepal. The motorcycle is now equipped with new safety and connectivity features, such as dual-channel ABS and a USB Type-C charger, designed for the international markets. Community-building continued to be the focus of the brand, highlighted by the success of the 21st Himalayan Odyssey—a 18-day, 2,600 km motorbike ride through Ladakh and Spiti. In parallel, Royal Enfield introduced a collaborative collection with The Great Frog at the London Bike Shed Moto Show and launched a sustainable apparel range under its "Green Pursuit" initiative, using eco-friendly materials. Also watch: Super Meteor vs Interceptor: Which Royal Enfield 650cc bike should you pick VECV Posts strong revenue VE Commercial Vehicles (VECV), Eicher's commercial vehicle arm, posted a revenue of ₹5,671 crore for Q1 FY26, marking an 11.9 per cent increase over the same period last year. While these numbers are not consolidated in Eicher's overall revenue, VECV's contribution was reflected in the group's profit after tax. The business sold 21,610 vehicles in the quarter, up from 19,702 a year ago. Despite a largely flat market, VECV grew its market share to 18.7 per cent from 17.3 per cent last year. Its leadership in the Light and Medium Duty (LMD) truck segment continued, with a 34.5per cent share, while total bus volumes rose 14.8 per cent , boosting its market share in that category to 21.5 per cent. Exports also grew by 20.5per cent year-on-year. Electrification is gradually entering the fold, with growing deliveries of the all-electric Eicher Pro X in the Small Commercial Vehicle (SCV) segment. Meanwhile, the company's connected fleet solution, 'My Eicher," now supports 150,000 users and over 350,000 vehicles. However, VECV's profit after tax was lower compared to the same quarter last year, primarily due to a one-time deferred tax reversal. Nevertheless, the company reported a healthy 32.6 per cent increase in EBITDA, citing improved volumes, pricing, and cost discipline. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
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Business Standard
19 hours ago
- Automotive
- Business Standard
Eicher Motors Q1 net rises 9% to Rs 1,205 cr on record Royal Enfield sales
Eicher Motors reported a 9.4 per cent rise in consolidated net profit to Rs 1,205 crore for the first quarter of FY2025–26, compared to Rs 1,101 crore in the same period last year. The growth was driven by record revenue and robust vehicle sales by both Royal Enfield and VE Commercial Vehicles (VECV). The company posted its best-ever Q1 revenue from operations at Rs 5,042 crore, up 14.8 per cent from Rs 4,393 crore in the year-ago quarter. EBITDA stood at Rs 1,203 crore, up 3.2 per cent from Rs 1,165 crore. Royal Enfield sold 261,326 motorcycles during the quarter, a 14.7 per cent year-on-year increase from 227,736 units in Q1 FY2024–25. Managing Director of Eicher Motors and CEO of Royal Enfield, B Govindarajan, said the brand sustained its growth momentum through product innovation and a continued focus on immersive riding experiences. 'The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement,' Govindarajan noted. He also highlighted the expansion in the SAARC region and the launch of the locally assembled Classic 350 in Nepal as part of the company's global ambition. VE Commercial Vehicles (VECV), a joint venture of Eicher Motors, posted revenue of Rs 5,671 crore in Q1 FY26, a rise of 11.9 per cent from Rs 5,070 crore a year ago. EBITDA surged 32.6 per cent to Rs 511 crore from Rs 385 crore. VECV sold 21,610 vehicles in the quarter, up 9.7 per cent year-on-year from 19,702 units. Vinod Aggarwal, managing director and CEO of VECV and vice-chairman of Eicher Motors, said VECV delivered its best-ever Q1 performance. Market share rose to 18.7 per cent from 17.3 per cent a year earlier, driven by 34.5 per cent share in light and medium-duty (LMD) trucks and a strong 14.8 per cent volume growth in buses. The bus segment's market share rose to 21.5 per cent. While VECV's revenue and EBITDA are not included in Eicher Motors' consolidated figures, the company's share of profits from the joint venture is accounted for as a single line item in the consolidated profit after tax. The strong performance of both Royal Enfield and VECV reinforces Eicher Motors' continued growth trajectory across its core segments.
Time of India
19 hours ago
- Automotive
- Time of India
Eicher Motors net profit rises 9.4% to ₹1,205 crore in Q1
Eicher Motors Limited (EML) on Monday announced that it has clocked a 9.4 per cent year-on-year (YoY) growth in its profit after tax for the April-June (Q1) period of the current financial year (FY26). The company's net profit stood at ₹1,205 crore during the period, while its EBITDA rose by 3.2 per cent to ₹1,203 crore. The automaker attributed the growth to strong momentum in both its premium motorcycle brand Royal Enfield and its commercial vehicle arm, VE Commercial Vehicles ( VECV ). The company registered a consolidated revenue from operations of ₹5,042 crore in Q1 FY26, registering a growth of 14.8 per cent over ₹4,393 crore in the same quarter last year. Royal Enfield sales Royal Enfield sold 2,61,326 motorcycles in the quarter, a 14.7 per cent increase over Q1 FY25. Growth was driven by continued demand for its refreshed product portfolio, including the updated Hunter 350 and an expanded presence in international markets. Notably, the locally assembled Classic 350 was introduced in Nepal, marking deeper regional penetration. 'Our growth this quarter has been driven by sustained momentum in both Royal Enfield and VECV,' said B Govindarajan, MD of Eicher Motors and CEO of Royal Enfield. 'We are expanding our portfolio, investing in immersive riding experiences, and growing our global presence — all while strengthening our focus on customer-centric innovation and community engagement.' VECV sales VECV posted a revenue of ₹5,671 crore in Q1 FY26, up 11.9 per cent over last year. It sold 21,610 units during the quarter, reflecting a growth of 9.7 per cent. While EBITDA rose 32.6 per cent to ₹511 crore, the company noted that profit after tax was lower due to a one-off deferred tax reversal in the base quarter. VECV's market share rose to 18.7 per cent, driven by leadership in the light and medium-duty truck segment (34.5 per cent share) and strong performance in buses, where volumes grew 14.8 per cent. Exports rose 20.5 per cent year-on-year. The company also noted growing traction for its all-electric Eicher Pro X in the 2.0–3.5T segment, and increasing adoption of its 'My Eicher' connected vehicle platform, which now covers 3.5 lakh vehicles. Vinod Aggarwal, MD and CEO of VECV, said: 'We delivered our best-ever Q1 performance and expanded our presence in a largely flat market. Our robust product portfolio and investments in sustainable transport solutions ensure we are well-positioned for future growth.'
Economic Times
21 hours ago
- Automotive
- Economic Times
Eicher Motors Q1 Results: Cons PAT rises 9% YoY to Rs 1,205 crore, revenue jumps 15%
Eicher Motors on Thursday reported a 9% growth in its Q1FY26 consolidated net profit at Rs 1,205 crore versus Rs 1,101 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company. ADVERTISEMENT The Royal Enfield maker reported revenue from operations stood at Rs 5,042 crore which was up 15% from Rs 4,393 crore reported in the corresponding quarter of the last financial year. The PAT was down 11% on a sequential basis versus Rs 1,362 crore reported in Q4FY25 while the topline fell 4% versus Rs 5,241 crore in the January-March quarter. Eicher Motors Q1 expensesThe company reported expenses of Rs 4,052 crore in Q1FY26 versus Rs 4,200 crore in Q4FY25 and Rs 3,409 crore in Q1FY25. The expenses were made on raw material cost, finance cost and employee expenses, among other things. Royal Enfield Q1 sales During the quarter, Royal Enfield recorded sales of 261,326 motorcycles, marking a growth of 14.7% from 227,736 motorcycles sold during Q1 FY 2024-25. ADVERTISEMENT Revenue from operations in Q1 FY2025-26 stood at Rs 5,671 crores, up 11.9% from Rs 5,070 crores in the same quarter of FY 2024-25. EBITDA for the first quarter rose 32.6% to Rs 511 crores, from Rs 385 crores a year ago. VECV sold 21,610 vehicles in the first quarter, up from 19,702 vehicles a year ago. Talking about Eicher Motors' performance, Managing Director B Govindarajan said that At Eicher Motors, the company had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. "We continue to build consistent momentum in volumes, profitability, and the strength of our overall portfolio. At Royal Enfield, we have sustained our growth momentum in the first quarter, anchored by our continued focus on product innovation, immersive riding experiences, and a deeper expression of pure motorcycling. The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement," said Govindarajan, who is also CEO of Royal Enfield. ADVERTISEMENT "Moving ahead on our global ambition, we further strengthened our reach in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement," he said that VECV, too, has delivered consistent growth, anchored in a strong product portfolio and a sharp understanding of India's evolving commercial mobility needs. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
