Eichor Motors shares jump 4% after Q1 net profit rises 20%; check details

The stock was trading 4% higher at ₹4,760.4 apiece on the National Stock Exchange (NSE) in the early trade. It gained 3.8% to ₹4,754.3 on the BSE.

Eicher Motors Q1 results

Eicher Motors' consolidated net profit surged 20% to ₹1,101 crore in the June quarter of the current financial year, backed by higher sales. In the year-ago period, the company had reported a net profit of ₹918 crore.

Revenue from operations jumped 10.2% to ₹4,393 crore in Q1 FY25 as against ₹3,986 crore in the June quarter last fiscal.

The company said Royal Enfield, its two-wheeler division, reported sales of 2.27 lakh motorcycles in the April-June quarter of fiscal 2024-25, compared to 2.25 lakh units a year ago.

Volvo Eicher Commercial Vehicle (VECV) posted revenue of ₹5,070 crore for the quarter under review, up 2% as compared to ₹4,980 crore in the corresponding period last year. Profit after tax (PAT) stood at ₹319 crore as against ₹181 crore last year, Eicher Motors said.

VECV recorded sales of 19,702 vehicles in quarter ended June 2024 as compared to 19,571 vehicles in the year-ago period.

"We have a robust product calendar for the rest of the year as well, and are getting ready to launch the 2024 Classic very soon," Eicher Motors Managing Director Siddhartha Lal said.

Meanwhile, VE Commercial Vehicles recorded its best-ever first-quarter sales, gaining volumes in key segments, he added.