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Earnings Call

Eicher Motors Earnings Call: Key Takeaways

Eicher Motors reported record Q3 results with 23% revenue growth and 30% EBITDA expansion, driven by strong Royal Enfield volumes and VECV recovery.

Why this was an Alfa AlertNot a filter event. Results were record-breaking but no prior guidance provided to verify a 10% beat.
Highlights
Revenue growthEML revenue grew 23% YoY; VECV revenue up 21%.
MarginsEML EBITDA grew 30%; VECV EBITDA at 9.5%.
Demand visibilityHealthy demand across markets with momentum in festive months.
Management confidenceConfident, highlighting 'best ever' third quarter and disciplined execution.

Growth

EML revenue up 23%, PAT up 21%. Royal Enfield volumes grew 21% to 325,773 units.

Outlook

Investing ₹958 crores to expand Royal Enfield capacity to 20 lakh units annually by 2028.

Risks

Expansion risk at Cheyyar and potential cost pressures in the commercial vehicle recovery phase.

Source

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

Read the document ↗

Eicher Motors Ltd: key numbers

Share price
₹7,360.00
Market cap
₹2,02,044 Cr
Revenue (annual)
₹23,408 Cr
Net profit (annual)
₹5,515 Cr
P/E (TTM)
35.0×Sector 33.6×
Promoter holding
49.02%-0.04% QoQ
FII holding
25.52%Current quarter

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

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