Eicher Motors Ltd reported its highest annual performance, with revenue of Rs 234.08 billion (bn), EBITDA of Rs 57.85 bn and profit after tax of Rs 55.15 bn, representing growth of 24 per cent, 23 per cent and 17 per cent respectively. The company said the performance was driven by strong volumes at Royal Enfield and robust contribution from VE Commercial Vehicles. The board recommended a final dividend of Rs 82 per share.

In the fourth quarter Eicher Motors recorded revenue of Rs 60.8 bn, EBITDA of Rs 15.14 bn and profit after tax of Rs 15.2 bn, each up materially on the prior-year quarter. Royal Enfield delivered its highest fourth quarter sales at 313,811 motorcycles, up 12 per cent, while VECV sold 33,976 vehicles. Quarterly EBITDA and profit growth reflected operational leverage across the group.

Royal Enfield reported annual volumes of 1,227,977 units, equivalent to one point two three million (mn) units, a 22 per cent increase year on year, with domestic volumes of 1,107,343 units and exports of 120,634 motorcycles. VECV achieved its highest annual revenue of Rs 270.77 bn with EBITDA of Rs 25.63 bn and profit after tax of Rs 14.71 bn, and sold 103,404 units, up 14.7 per cent. Management described international expansion and product upgrades as key growth levers.

The company announced a Rs nine point five eight bn brownfield investment at Cheyyar to raise annual production capacity from one point four six million (mn) to two million (mn) units, aimed at supporting long-term demand. Royal Enfield also launched the Flying Flea city+ electric model and opened its first Flying Flea store in Bengaluru, with the design concept receiving a global design accolade. Further product updates and brand initiatives were cited as reinforcing the company’s market position.

Royal Enfield marked 125 years of the brand and secured leading positions in quality and dealer satisfaction surveys, while being ranked among the world’s strongest automobile brands. The group said it will continue to invest in capacity, product and international markets to sustain growth.