Eicher Motors Q2: Profit rises 15% as revenue climbs 20% to record high
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Eicher Motors Q2: Profit rises 15% as revenue climbs 20% to record high - Edited byGareema Bangad - Published OnNov 13, 2026 | 17:47 IST - Last Updated OnNov 13, 2026 | 17:47 IST Eicher Motors posted its highest-ever quarterly revenue and core earnings, driven by robust domestic and international motorcycle demand alongside strong commercial vehicle sales. Despite this record performance, earnings missed street estimates as margins contracted. How will the newly launched electric motorcycle lineup impact overseas profitability? Automotive firm Eicher Motors, on Friday, November 13, reported a 14.8% year-on-year rise in consolidated net profit to ₹1,573.4 crore for the second quarter of FY27, compared with ₹1,370 crore in the corresponding quarter last year. Revenue from operations grew 20.2% to ₹7,421.72 crore from ₹6,172 crore a year ago. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased 16.4% to ₹1,760 crore, against ₹1,512 crore in the year-ago period. However, the company's performance fell short of CNBC-TV18's poll estimates across all key parameters. Net profit was below the estimated ₹1,605 crore, while revenue missed the ₹7,450 crore estimate. EBITDA also came in below the poll estimate of ₹1,800 crore. EBITDA margin contracted to 23.7% from 24.5% in the year-ago quarter, also missing the poll estimate of 24.2%. The company said it delivered its best-ever quarterly revenue and EBITDA in Q2 FY27. Royal Enfield posts record quarterly sales Royal Enfield recorded its highest-ever quarterly sales of 3,76,722 motorcycles, registering 15% growth from 3,27,067 units sold in Q2 FY26. The company attributed the performance to demand across domestic and key international markets. During the quarter, it launched the Himalayan 440 and introduced the Classic 350 Gorkha Edition, alongside other portfolio updates. Royal Enfield also launched its electric motorcycle, the Flying Flea C6, in five European cities — Paris, Barcelona, Rome, Berlin and London. VECV revenue rises 24% VE Commercial Vehicles (VECV), Eicher Motors' commercial vehicle business, reported a 24% year-on-year increase in revenue from operations to ₹7,569 crore in Q2 FY27, compared with ₹6,106 crore a year ago. EBITDA rose 23% to ₹588 crore from ₹479 crore, while profit after tax increased to ₹342 crore from ₹249 crore. VECV recorded sales of 28,071 vehicles during the quarter, up 28.2% from 21,901 vehicles in the corresponding period last year. B. Srinivas, Managing Director and Chief Executive Officer – VECV said, “Our Engineering Components and Power Solutions divisions also delivered strong growth. The recently launched Pro X passed 5,000 cumulative sales, a sign of both its strong reception among customers and their confidence in the Eicher brand. Volvo Buses and Volvo Trucks maintained healthy delivery levels, as customers increasingly see the value of world-class solutions in India’s fast-modernising transport landscape.” Eicher Motors shares closed 1.34% higher at ₹7,650 on the NSE on November 13, ahead of the company's Q2FY27 results announcement. Also Read: Avalon Technologies Q2 profit jumps 60% as revenue grows 37%, margins expand
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