Eicher Motors Ltd Share Price – NSE /  BSE

Automobile, Mid Cap

Profit before share of profit of joint venture and tax rose 3.53% YoY to Rs 1,248.30 crore in Q2 FY25.

EBITDA increased marginally 0.09% to Rs 1,088 crore in Q2 FY25 as compared with Rs 1,087 crore in Q2 FY24.

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.

For Q2 FY 2024-25, VE Commercial Vehicles (VECV)’s revenue from operations was Rs 5,538 crore, up by 8.0% over the previous year’s revenue of Rs 5,126 crore. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year.

Siddhartha Lal, managing director, Eicher Motors, said, “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.”

B. Govindarajan, CEO - Royal Enfield and whole-time director, EML, said, “This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all new avatar and response to both these motorcycles has been remarkable.

We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil later this year.

Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved more than 1,00,000 sales in a single month. These initiatives underscore our commitment to our long term strategic goals and to continue delivering pure motorcycling experiences across the globe.”

Vinod Aggarwal, MD and CEO - VECV said, “VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2% over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8% in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our Heavy Duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.”

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.

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Securities in F&O Ban:

Aarti Industries, Aditya Birla Fashion Retail(ABFRL), Granules India, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper are banned from F&O trading on 14 November 2024.

Upcoming Result:

Avanti Feeds, Bharat Forge, Crompton Greaves Consumer Electricals, E.I.D. Parry (India), Glenmark Pharmaceuticals, Grasim Industries, Hindustan Aeronautics, Hero Motocorp, Honasa Consumer, Honda India Power Products, Igarashi Motors India, IPCA Laboratories, Jtekt India, Lemon Tree Hotels, Mahanagar Telephone Nigam, Nava, Ratnamani Metals & Tubes, Sanghvi Movers, Sarda Energy & Minerals, Techno Electric and Engineering Company, Tega Industries and West Coast Paper Mills will declare their results later today.

Stocks to Watch:

Eicher Motors’ consolidated net profit increased 8.27% to Rs 1,100.33 crore on 3.8% increase in revenue from operations to Rs 4,186.38 crore in Q2 FY25 over Q2 FY24.

Astrazeneca Pharma’s consolidated net profit fell 5.6% to Rs 38.43 crore despite of 31.2% increase in revenue from operations to Rs 408 crore in Q2 FY25 over Q2 FY24.

Godrej Industries’ consolidated net profit surged 229.5% to Rs 287.62 crore in Q2 FY25 as compared with Rs 87.30 crore in Q2 FY24. Revenue from operations jumped 22% YoY to Rs 4,804.96 crore in Q2 FY25.

Vodafone Idea reported net loss of Rs 7,175.90 crore in Q2 FY25 as against net loss of Rs 8,737.90 crorein Q2 FY24. Revenue rose 1.89% YoY to Rs 10,918.20 crore in Q2 FY25.

Thermax reported 24.9% increase in consolidated net profit 197.03 crore on 13.4% increase in revenue from operations to Rs 2,611.59 crore in Q2 FY25 over Q2 FY24.

Deepak Nitrite’s consolidated net profit declined 5.3% to Rs 194.19 crore during the quarter as compared with Rs 205.08 crore recorded in same quarter last year. Revenue from operations increased 14.3% YoY to Rs 2,032 crore in Q2 FY25.

Meanwhile, the company’s arm, Deepak Chem Tech has signed an agreement with affiliates of Trinseo PLC to manufacture polycarbonate resins with an investment of Rs 5,000 crore.

Tata Communication has entered into share purchase agreement (SPA) with Transaction Solutions International (TSI) for sale of the company’s wholly owned subsidiary, Tata Communications Payment Solutions (TCPSL) to Australian digital payments and financial services provider Findi for over Rs 400 crore.

Inox Green board approved the demerger of the Power evacuation business.

Cipla received eight observations from US Food and Drug Administration (USFDA) for its manufacturing facility in Bengaluru.

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Net profit of Eicher Motors rose 8.27% to Rs 1100.33 crore in the quarter ended September 2024 as against Rs 1016.25 crore during the previous quarter ended September 2023. Sales rose 3.80% to Rs 4186.38 crore in the quarter ended September 2024 as against Rs 4033.00 crore during the previous quarter ended September 2023.

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Profit before share of profit of joint venture and tax rose 3.53% YoY to Rs 1,248.30 crore in Q2 FY25.

EBITDA increased marginally 0.09% to Rs 1,088 crore in Q2 FY25 as compared with Rs 1,087 crore in Q2 FY24.

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.

For Q2 FY 2024-25, VE Commercial Vehicles (VECV)’s revenue from operations was Rs 5,538 crore, up by 8.0% over the previous year’s revenue of Rs 5,126 crore. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year.

Siddhartha Lal, managing director, Eicher Motors, said, “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.”

B. Govindarajan, CEO - Royal Enfield and whole-time director, EML, said, “This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all new avatar and response to both these motorcycles has been remarkable.

We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil later this year.

Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved more than 1,00,000 sales in a single month. These initiatives underscore our commitment to our long term strategic goals and to continue delivering pure motorcycling experiences across the globe.”

Vinod Aggarwal, MD and CEO - VECV said, “VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2% over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8% in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our Heavy Duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.”

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.

The counter declined 3.15% to end at Rs 4,589.10 on the BSE.

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