INSUBCONTINENT EXCLUSIVE:
Illustration: Ajay Mohanty3 min read Last Updated : Aug 09 2024 | 12:01 AM IST
Eicher Motors has posted a 20 per cent rise in net profit
during the first quarter of the current financial year to Rs 1,101 crore, compared to Rs 918 crore during the same period last year.
For Q1
FY 2024-25, Eicher Motors reported revenue from operations at Rs 4,393 crore, up 10.2 per cent compared to Rs 3,986 crore in the
corresponding quarter of FY 2023-24
The rise in net profit was attributed to improved sales, with a better performance in international markets
During the quarter, Royal Enfield recorded sales of 2,27,736 motorcycles compared to 2,25,368 motorcycles sold during the same period in FY
"The quarter saw the company's highest ever Q1 revenue and EBITDA
Our international volume increased by 26 per cent to 23,050 units," said B Govindarajan, chief executive officer of Royal Enfield
During the period, EBITDA was Rs 1,165 crore, up 14.1 per cent compared to Rs 1,021 crore in the same quarter of the previous financial
EBITDA for the first quarter was Rs 385 crore compared to Rs 387 crore last year
VECV recorded its highest ever first-quarter sales of 19,702 vehicles for FY 2024-25 compared to 19,571 vehicles in FY 2023-24.
Siddhartha
registering our best ever quarterly financial performance with both Royal Enfield and VECV reporting steady growth
At Royal Enfield, we launched the Guerrilla 450, our premium, modern roadster on the Sherpa platform
We believe the Guerrilla is a formidable motorcycle with strong potential and will be a game changer in the category."
The company said
that it is getting ready to launch the 2024 Classic very soon
"VE Commercial Vehicles recorded its best ever first-quarter sales, gaining volumes in key segments, and reflecting its commitment to
excellence and customer satisfaction," he added.
"Royal Enfield has witnessed a good start to FY25
Our diverse product range strengthened our position in the mid-size segment across the globe
This quarter has been particularly notable for our performance in the international markets
We have launched Himalayan 450 across APAC, EU, UK, and Mexico," said Govindarajan.
Vinod Aggarwal, managing director and chief executive
This is a testament to our focus on delivering uptime to customers backed by a fast-expanding service and parts network."First Published:
Aug 09 2024 | 12:01 AMIST
