Eicher Motors posts 21 per cent rise in Q1 profit on strong sales

MUMBAI: Eicher Motors has begun FY27 with the throttle wide open. The maker of Royal Enfield motorcycles reported a strong first quarter, with double-digit growth in revenue and profit, as robust vehicle sales and a healthy contribution from its joint venture kept earnings on the fast lane.

For the quarter ended 30 June 2026, revenue from operations rose 31.5 per cent year on year to Rs 6,632.42 crore, compared with Rs 5,041.84 crore in the corresponding quarter last year.

Including other income, total income climbed to Rs 7,098.73 crore, up from Rs 5,487.90 crore, reflecting a 29.4 per cent increase.

The company reported profit before tax of Rs 1,925.23 crore, an increase of 20.9 per cent over Rs 1,592.99 crore in the year-ago quarter.

After providing for taxes of Rs 462.72 crore, net profit stood at Rs 1,462.51 crore, up 21.3 per cent from Rs 1,205.22 crore reported a year earlier.

Operating expenses rose alongside higher production and sales. Total expenses increased to Rs 5,341 crore from Rs 4,052.02 crore in the corresponding quarter last year.

The company’s largest cost item, raw materials and components, increased to Rs 3,324.23 crore from Rs 2,733.74 crore, while employee benefit expenses rose to Rs 449.69 crore from Rs 373.95 crore. Depreciation and amortisation expenses also increased to Rs 277.55 crore, compared with Rs 198.06 crore a year ago.

Eicher Motors continued to benefit from its stake in VE Commercial Vehicles (VECV), with its share of profit from the joint venture rising to Rs 167.50 crore, compared with Rs 157.11 crore in the same quarter last year.

Reflecting the stronger earnings performance, basic earnings per share increased to Rs 53.30, up from Rs 43.95 in the year-ago quarter, while diluted earnings per share improved to Rs 53.22 from Rs 43.89.

The company reported total comprehensive income of Rs 1,455.41 crore, compared with Rs 1,281.51 crore in the corresponding quarter of FY26, despite lower gains from other comprehensive income.

The latest results indicate Eicher Motors has carried its growth momentum into FY27 despite rising input costs. Strong demand, resilient operating performance and continued support from VE Commercial Vehicles helped the company deliver another quarter of healthy profitability, reinforcing its position among India’s strongest-performing automotive manufacturers.