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Eicher Motors revs up with 21 per cent profit growth in Q3
Revenue rises 23 per cent as Royal Enfield capacity set to hit 20 lakh units
NEW DELHI: Eicher Motors reported a sharp rise in third-quarter earnings, driven by strong demand for Royal Enfield motorcycles, and announced a major capacity expansion to support future growth.
The company posted a consolidated net profit of Rs 1,421 crore for the October–December quarter, up 21 per cent from Rs 1,170 crore a year earlier. Revenue from operations climbed 23 per cent to Rs 6,114 crore from Rs 4,973 crore in the same period last year.
Operating performance strengthened further, with Ebitda rising 30 per cent year on year to Rs 1,557 crore. Ebitda margins expanded by 130 basis points to 25.46 per cent, reflecting operating leverage and favourable product mix.
The board approved a capacity expansion for Royal Enfield, lifting total annual capacity across plants from 14.6 lakh units to 20 lakh units. The ramp-up will be executed in phases beginning FY27 and is expected to be completed by FY28.
The expansion will involve a capital outlay of Rs 958 crore for brownfield development at the Cheyyar plant in Tamil Nadu.
During the quarter, the company provided Rs 55.45 crore as an exceptional, non-recurring charge towards the implementation of new labour codes, which came into effect on 21 November, 2025, Eicher Motors said in a regulatory filing.
Shares of Eicher Motors ended 1.32 per cent higher at Rs 7,290 ahead of the earnings announcement.
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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
