The parent business of Royal Enfield, Eicher Motors, began the fiscal year with a strong showing in Q1 FY25. For the June quarter, the company’s EBITDA increased by a strong 14.1% year over year. But that’s only the beginning; let’s examine the salient features of this massive automaker’s most recent earnings report.
Eicher Motors Q1 FY25 Royal Enfield Drives
Eicher Motors reported a consolidated net profit of ₹1,101 crore on Thursday for the quarter that concluded on June 30, a notable 19.9% increase over the same time the previous year. This increase is supported by revenue that grew by 10.2% annually to an all-time high of ₹4,393 crore as stated in their most recent regulatory submission.
It’s interesting to note that stock 24 news predicted Eicher Motors would generate ₹4,250 crore in revenue and a net profit of ₹1,000 crore for the first quarter of its fiscal year. But the business fared better than anticipated, enhancing its standing in the industry.
With an impressive 14.1% year-over-year growth, the June quarter’s EBITDA of ₹1,165 crore exceeded stock 24 news analysts’ forecast of a 10.7% increase. This demonstrates Eicher Motors’ sound financial standing and capacity to outperform the competition.
A crucial division of Eicher Motors, VE Commercial Vehicles (VECV), also revealed a 1.8% rise in first-quarter revenue, amounting to ₹5,070 crore.
Shown by Royal Enfield, Eicher Motors Q1 FY25 Royal Enfield Drives
A consistent performance was also shown by Royal Enfield, an Eicher Motors affiliate, which sold 2,27,736 motorcycles in Q1 FY25 as opposed to 2,25,368 units in the same period in the previous year. For the June quarter, the company’s sales volumes nearly matched the 2.26 lakh units that the market had anticipated.
After a strong performance in FY24, we have started this year on a confident note, registering our best-ever quarterly financial performance with both Royal Enfield and VECV reporting steady growth,” said Siddhartha Lal, Managing Director of Eicher Motors, in reflection on the company’s success. In addition, he emphasized VECV’s record-breaking first-quarter sales and the company’s continuous dedication to quality and client satisfaction.
Eicher Motors’ shares finished 0.5% lower on the BSE earlier on Thursday, at ₹4,578.8 apiece.
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