Eicher Motors Q1 Results | EBITDA climbed 14.2% to ₹1,165.5 crore, while EBITDA margin stood at 26.5% versus 25.6% in the first quarter of the previous fiscal. Shares of Eicher Motors Ltd ended at ₹4,578.80, down by ₹21.10, or 0.46%, on the BSE
Eicher Motors Ltd on Thursday (August 8) reported a 20% year-on-year (YoY) increase in net profit at ₹1,101.5 crore for the first quarter that ended June 30, 2024.
| Company | Value | Change | %Change |
|---|---|---|---|
| HDFC Life | 710.35 | ₹14.10 | 2.03 |
| Tata Motors | 1,041.75 | ₹16.45 | 1.60 |
| SBI Life Insura | 1,706.30 | ₹20.60 | 1.22 |
| HDFC Bank | 1,642.70 | ₹19.20 | 1.18 |
| Cipla | 1,569.95 | ₹16.40 | 1.06 |
In the corresponding quarter, Eicher Motors posted a net profit of ₹918 crore, the company said in a regulatory filing. The company’s revenue from operations grew 10.2% to ₹4,393.1 crore against ₹3,086.4 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA climbed 14.2% to ₹1,165.5 crore in the first quarter of this fiscal over ₹1,020.9 crore in the year ago period.
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The EBITDA margin stood at 26.5% in the reporting quarter versus 25.6% in the first quarter of the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
During the quarter, Royal Enfield recorded sales of 2,27,736 motorcycles compared to 2,25,368 motorcycles sold during the same period in FY23-24. For the Q1 FY25, VE commercial vehicles (VECV) revenue from operations was ₹5,070 crore, up 1.8% over the previous year’s revenue of ₹4,980 crore.
The EBITDA for the first quarter was ₹385 crore compared to ₹387 crore last year. Profit after tax stood at ₹319 crore compared to ₹181 crore last year. VECV recorded sales of 19,702 vehicles for FY25 over 19,571 vehicles in FY24.
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B. Govindarajan, CEO, Royal Enfield and Wholetime 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.”
Vinod Aggarwal, MD and CEO of VECV, said, “VECV delivered its highest ever first quarter sales during Q1 FY25 growing 0.7% over Q1 FY24. This is a testament to our focus on delivering uptime to customers backed by a fast-expanding service and parts network.”
The results came after the close of the market hours. Shares of Eicher Motors Ltd ended at ₹4,578.80, down by ₹21.10, or 0.46%, on the BSE