The company’s standalone net profit for the quarter ending in September 2024 increased by 8% to Rs 1010 crore, which is why shares of Eicher Motors will be the focus of attention today. Eicher Motors lags behind in quarterly comparisons, although showing consistent growth on a yearly basis. Even though the two-wheeler category experienced seasonal backlash, which resulted in lower foot traffic during the quarter, the company managed to record solid revenue growth thanks to higher ASP.
Eicher Motors Q2 Results
Eicher Motors reported sales of Rs 4,263 crore for the second quarter of FY 2024–25, a slight rise over the Rs 4,115 crore recorded during the same time in FY 2023–2024. With an EBITDA margin of 26%, the company’s EBITDA was essentially unchanged at Rs 1,088 crore from Rs 1,087 crore the previous year. For the quarter, Eicher’s net profit was Rs 1,100 crore, up 8.3% from Rs 1,016 crore at the same time last fiscal year.
One of the main factors contributing to this impressive financial performance was the more than 36% growth in sales of motorbikes with engines larger than 350 cc from year to year. The “Interceptor 650” and other higher-margin motorcycles now account for 15.3% of Eicher’s overall sales, up from 11.1% a year ago.
About Eicher Motor
One well-known business that has established a strong reputation in the automotive sector is Eicher Motors Limited (EML). It is the parent company of one of the world’s top brands of middleweight bikes, Royal Enfield. As the oldest motorcycle brand currently in production, Royal Enfield has been producing motorcycles since 1901. Royal Enfield’s goal is to revive motorcycling as an easy, entertaining, and accessible activity. It has operations in more than 60 countries worldwide in addition to India. It produces motorbikes for the global market from its state-of-the-art development facilities in Chennai, India, and Leicestershire, UK. In order to generate a great deal of enthusiasm among motorcycle lovers worldwide, the brand is dedicated to fusing contemporary features with its rich history.
