Eicher Motors (EML) has announced its unaudited consolidated financial results for the quarter ended June 30, 2025, delivering its best-ever first-quarter performance in terms of revenue.

For Q1 FY26, Eicher Motors reported revenue from operations of Rs 50.42 billion, a 14.8 per cent increase over Rs 43.93 billion in Q1 FY25. EBITDA grew by 3.2 per cent to Rs 12.03 billion, while Profit After Tax (PAT) rose by 9.4 per cent to Rs 12.05 billion. Royal Enfield sold 261,326 motorcycles during the quarter, marking a 14.7 per cent increase from 227,736 units in the same period last year.

Strong growth in VECV

VE Commercial Vehicles (VECV) recorded revenue* of Rs 56.71 billion, up 11.9 per cent from Rs 50.70 billion in Q1 FY25. EBITDA* rose 32.6 per cent to Rs 5.11 billion. VECV sold 21,610 vehicles in the quarter, up from 19,702 units a year ago.

*Note: VECV’s revenue and EBITDA are not consolidated into EML’s financials. The company’s share of VECV’s profit is accounted for under EML’s consolidated PAT.

Leadership comments

B Govindarajan, Managing Director of Eicher Motors and CEO of Royal Enfield, said,

“At Eicher Motors, we’ve had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. Royal Enfield has maintained its momentum, driven by product innovation, immersive riding experiences, and deeper community engagement. The refreshed Hunter 350 remains a key growth driver. Our global expansion also continued, with the Classic 350 launched in Nepal. Meanwhile, VECV delivered consistent growth backed by a strong product portfolio and sustainable mobility solutions.”

Vinod Aggarwal, MD and CEO of VECV and Vice Chairman of Eicher Motors Ltd., added,

“VECV delivered its best-ever Q1 with 21,610 units, capturing an improved market share of 18.7 per cent. Leadership continued in LMD trucks (34.5 per cent share), and our bus segment saw 14.8 per cent growth. Exports rose 20.5 per cent, and deliveries of the all-electric Eicher Pro X gained traction. Though PAT was lower due to a one-off deferred tax reversal in Q1 FY25, overall profitability improved on better volumes, pricing, and cost discipline.”