Eicher Motors Q2 Results: Co posts highest-ever net profit of Rs 1,016 crore
This is an increase of 55% over Rs 657 crores posted in net profit during the same period last year.
Revenues from operations stood at Rs 4,115 crores in the quarter under review, up 17% as compared to Rs 3,519 crores in the corresponding quarter of FY23. EBITDA (Earnings before interest, tax, depreciation and amortisation) stood at Rs 1,087 crores, up 32% compared to Rs.
822 crores in the same quarter of the last financial year.
Royal Enfield sold 229,496 motorcycles in the quarter, an increase of 13% from 203,451 motorcycles sold over the same period in FY23.
Siddhartha Lal, Managing Director, Eicher Motors said, “At the halfway mark for the financial year, we have registered remarkable performance both at Royal Enfield and VE Commercial Vehicles.”
VECV had the best ever second quarter in terms of sales across all the segments. VECV sold 19,551 units last quarter, exceeding the previous best sales of 18,696 units in Q2-FY’19.
