Eicher Motors Q2 results FY25 reported an 8.27% year-on-year increase in the consolidated net profit. On the Eicher Motor result date which was November 13, 2024, the Eicher Motors share price was at ₹4,588.70. On November 14, 2024, Eicher Motors share price closed at ₹4,883.70.
Eicher Motors Q2 Results FY25: Key Highlights
- Eicher Motors Q2 results pointed out that the consolidated net profit increased 8.27% to ₹1,100.33 crores on a 3.8% increase in revenue from operations to ₹4,186.38 crores in Q2 FY25 over Q2 FY24.
- EBITDA increased marginally 0.09% to ₹1,088 crores in Q2 FY25 as compared with ₹1,087 crores in Q2 FY24.
- EBITDA margin for the quarter stood at 25.5% from 26.4% during the same period last year, declined by 90bps as per the Eicher Motors results.
- Eicher Motors share price generated positive returns of 6.43% in the last 1 day (as on November 14, 2024).
Eicher Motors Q2 Results FY25: Sales Data
- During the quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY 2023-24.
Here is the motorcycle sales data of the Eicher Motors results from April 2024 – October 2024:
| Particulars/Units Sold | Apr 2024 – Oct 2024 (YTD) | Units Sold Apr 2023 – Oct 2023 (YTD) | % Change |
|---|---|---|---|
| Models with engine capacity up to 350cc | 4,84,028 | 4,82,271 | 0.40% |
| Models with engine capacity exceeding 350cc | 81,325 | 59,150 | 37% |
| International Business | 52,624 | 43,576 | 21% |
- For Q2 FY 2024-25, VE Commercial Vehicles (VECV)’s revenue from operations was ₹5,538 crores, up by 8.0% over the previous year’s revenue of ₹5,126 crores. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year as mentioned in the Eicher Motors quarterly results.
Here is the sales data of VE Commercial Vehicles Limited (a joint venture of Eicher Motors and Volvo Group) from April 2024 – October 2024:
| Segments/Units Sold | Apr 2024 – Oct 2024 (YTD) | Apr 2023 – Oct 2023 (YTD) | % Change |
|---|---|---|---|
| Total Eicher Trucks and Buses | 46,247 | 45,220 | 2.3% |
| Total Volvo Trucks & Buses | 1,341 | 1,388 | -3.4% |
Eicher Motors Q2 Results: Management Commentary
Siddhartha Lal, Managing Director of Eicher Motors said that – “During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand-the Flying Flea.
With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years.
Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city plus mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.”
Highlighting the Eicher Motors share price performance, it has generated a positive return of 0.12% in the last 1 week (as on November 14, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
https://www.smctradeonline.com/invest/equities/151/eicher-motors-ltd-share-price
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