Eicher Motors Q2 Profit Rises About 15% to About Rs 1,573 Crore
Eicher Motors posted higher Q2 FY27 profit and revenue as Royal Enfield had its best-ever quarter for sales.
Key Takeaways
- Eicher Motors' Q2 FY27 net profit rose about 15% to about Rs 1,573 crore.
- Revenue from operations rose about 20% to about Rs 7,422 crore.
- Royal Enfield sold 3,76,722 motorcycles, its highest-ever quarter.
- VECV sold 28,071 vehicles, up about 28.2%.
- Eicher Motors' share of VECV profit rose to about Rs 186 crore.
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Eicher Motors reported a consolidated net profit of about Rs 1,573 crore for the second quarter of FY27, ended September 30, 2026, up about 15% from about Rs 1,369 crore a year earlier. The maker of Royal Enfield motorcycles announced the results on Friday, November 13, 2026.
Revenue from operations rose about 20% to about Rs 7,422 crore, from about Rs 6,172 crore in Q2 FY26. EBITDA grew about 16% to Rs 1,760 crore, and Royal Enfield sold 3,76,722 motorcycles in the quarter, its highest-ever quarterly sales and up about 15% from 3,27,067 a year earlier.
Eicher Motors Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | Q2 FY27 (July to September 2026) |
| Results announced | November 13, 2026 |
| Consolidated net profit | About Rs 1,573 crore, up about 15% |
| Net profit a year earlier | About Rs 1,369 crore |
| Revenue from operations | About Rs 7,422 crore, up about 20% |
| EBITDA | Rs 1,760 crore, up from Rs 1,512 crore |
| Share of profit from VECV | About Rs 186 crore, up from about Rs 135 crore |
| Royal Enfield motorcycles sold | 3,76,722, up about 15% |
| VECV vehicles sold | 28,071, up about 28.2% |
How Royal Enfield and VECV add up for Eicher Motors
Eicher Motors is the listed parent of Royal Enfield, and it also runs VE Commercial Vehicles (VECV), a joint venture with Sweden's Volvo Group that makes Eicher trucks and buses. VECV's revenue is not part of Eicher Motors' consolidated revenue; Eicher Motors counts its share of VECV's profit, which was about Rs 186 crore this quarter.
VECV sold 28,071 vehicles in Q2 FY27, up about 28.2% from 21,901 a year earlier. Its revenue from operations rose about 24% to about Rs 7,569 crore, and its profit after tax rose to about Rs 342 crore from about Rs 249 crore.
| When | What happened |
|---|---|
| Q2 FY26 (July to September 2025) | Net profit of about Rs 1,369 crore; Royal Enfield sold 3,27,067 motorcycles |
| Q1 FY27 (April to June 2026) | Net profit of about Rs 1,463 crore; Royal Enfield sold 3,32,940 motorcycles |
| Q2 FY27 (July to September 2026) | Net profit of about Rs 1,573 crore; Royal Enfield sold 3,76,722 motorcycles |
B Govindarajan on Royal Enfield's festive season demand
"At Royal Enfield, the robust demand across domestic and key international markets drove our highest-ever quarterly and festive wholesales across September and October. This reflects the strength of our portfolio and growing affinity for the brand, even as market conditions continue to evolve."
The company said Royal Enfield launched the Himalayan 440 during the quarter.
"A significant milestone was the introduction of the Flying Flea C6, our first electric motorcycle, across five cities in Europe and the UK, building on its growing presence in India."
What Eicher Motors said about production
Govindarajan said the company's focus is on scaling up production to ensure inventory readiness for dealers.
Where Eicher Motors stands after Q2 FY27
Eicher Motors grew its quarterly net profit to about Rs 1,573 crore in Q2 FY27, from about Rs 1,463 crore in Q1 FY27 and about Rs 1,369 crore a year earlier. Royal Enfield sold 3,76,722 motorcycles and VECV sold 28,071 vehicles in the quarter. Eicher Motors shares rose on November 13, 2026, the day it announced the results.
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