Eicher Motors Limited — Updates, 13-11-2024: Press Release

Eicher Motors Limited reported its best-ever Q2 revenue from operations at ₹4,263 crores for the quarter ending September 30, 2024, reflecting an increase from ₹4,115 crores year-on-year. EBITDA for the same period was ₹1,088 crores, slightly up from ₹1,087 crores last year, while Profit After Tax rose to ₹1,100 crores, marking an 8.3% increase from ₹1,016 crores. Royal Enfield's sales reached 2,25,317 motorcycles, slightly lower than 2,29,496 motorcycles sold in the prior year. Meanwhile, VE Commercial Vehicles (VECV) also showed strong performance, with Q2 revenue from operations at ₹5,538 crores, up by 8% compared to last year. VECV reported an EBITDA of ₹395 crores and a Profit After Tax of ₹209 crores. During the quarter, Royal Enfield expanded internationally with a new manufacturing and assembly unit in Bangladesh and a second CKD facility planned in Brazil, indicating positive growth prospects in global markets and electric mobility initiatives. Investors should monitor these developments closely for potential growth opportunities.