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Earnings Call

Eicher Motors Earnings Call: Key Takeaways

Eicher Motors reported record Q3 FY26 performance with 23% revenue growth and 30% EBITDA growth. Management announced a major capacity expansion for Royal Enfield to 20 lakh units annually.

Why this was an Alfa AlertNot a filter event. While performance was record-breaking, it did not exceed management's own prior guided range by 10% or more.
Highlights
Revenue growthEML revenue up 23% YoY; VECV revenue up 21% YoY.
MarginsEBITDA margins improved; VECV EBITDA at 9.5% and EBIT at 6.8%.
Demand visibilityHealthy demand across markets; festive months provided strong growth tailwinds.
Management confidenceConfident, highlighting 'best ever' performance and strategic momentum.

Growth

Revenue grew 23% to ₹6,114 crores; EBITDA surged 30% to ₹1,557 crores, showing strong operating leverage.

Outlook

Investing ₹958 crores to expand Royal Enfield capacity to 20 lakh units from 14.6 lakh.

Risks

Expansion involves ₹958 crore capex risk; reliance on brownfield execution to meet projected demand.

Source

Earnings Call filed with NSE, NSE: EICHERMOT. Summary written with AI assistance from the document.

Read the document ↗

Eicher Motors Ltd: key numbers

Share price
₹7,611.00
Market cap
₹2,08,935 Cr
Revenue (annual)
₹23,408 Cr
Net profit (annual)
₹5,515 Cr
P/E (TTM)
36.2×Sector 32.5×
Promoter holding
49.02%+0.00% QoQ
FII holding
24.03%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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