Eicher Motors Limited (EML) has announced its unaudited consolidated financial results for the quarter ended September 30, 2025, marking its best-ever quarterly performance across all key parameters.
For Q2 FY 2025-26, EML reported a 45% year-on-year surge in revenue from operations to ₹6,172 crores, compared to ₹4,243 crores in the same period last year. EBITDA grew 39% to ₹1,512 crores, while Profit After Tax (PAT) rose 25% to ₹1,369 crores, up from ₹1,100 crores in Q2 FY 2024-25.
Royal Enfield Delivers Record Sales Volumes
Royal Enfield achieved its highest-ever quarterly sales, delivering 3,27,067 motorcycles, a 45% increase from 2,25,317 units sold in Q2 FY 2024-25. The brand’s continued success reflects strong demand across domestic and international markets, bolstered by an exceptional festive season that saw record sales of 2.49 lakh units.
Speaking on the company’s performance, B. Govindarajan, Managing Director of Eicher Motors Ltd. and CEO of Royal Enfield, said: “This has been an exceptionally encouraging quarter for Eicher Motors, with robust growth at both Royal Enfield and VECV. Royal Enfield continues to strengthen its position globally with record volumes, strong festive demand, and a milestone moment as we celebrate 125 years of Pure Motorcycling. Our showcase at EICMA 2025 highlighted this legacy with launches like the Classic 650, Bullet 650, and the all-electric Flying Flea S6, reflecting a perfect blend of heritage and innovation.”
VECV Sustains Strong Momentum
The company’s joint venture, VE Commercial Vehicles (VECV), reported a 10.3% rise in revenue to ₹6,106 crores, up from ₹5,538 crores last year. EBITDA grew 8% to ₹479 crores, while PAT increased to ₹249 crores from ₹208 crores in the corresponding quarter. VECV sold 21,901 vehicles, compared to 20,774 units a year earlier, supported by a robust product portfolio and expanding customer base.
Govindarajan added, “VECV’s steady growth demonstrates our strong foundation in India’s evolving commercial mobility landscape. With an ongoing focus on sustainable and efficient transport solutions, we are well-positioned for the future. Eicher Motors remains committed to long-term value creation through innovation, global expansion, and meaningful brand experiences.”
Speaking on VECV’s performance Vinod Aggarwal, MD and CEO – VECV and Vice Chairman – Eicher Motors Ltd. said “VECV delivered a solid performance in Q2 FY26, growing by 5.4% year-on-year and registering our best ever second quarter in terms of truck and bus deliveries. Eicher retained its position as the market leader in Light and Medium Duty Trucks (5-18.5 T GVW), while delivering 10,096 units in the quarter. We continue to make steady progress in the Heavy-Duty trucks segment, recording our best ever second quarter deliveries and a market share of 10.5% during the period. Reflecting our expanding Dealer Network and focus on Customer Service and Uptime, spare parts sales grew 11.8% quarter-on-quarter. Volvo Trucks and Buses continue to dominate their respective segments. During the quarter we launched the Eicher Pro Plus range of medium duty trucks with air-conditioned cabs to conform to legal mandates. Equipped with a unique fuel-efficient compressor technology, these trucks were launched with improvements to loading capacity to deliver a win-win for both operators and drivers. Profit After Tax for the quarter improved to ₹249.3 cr, a growth of 19.7% over the corresponding period last year. GST rationalization has had a positive impact on consumer confidence and consumption. This will in-turn support demand for commercial vehicles in the coming period.”
