Eicher Motors on Wednesday reported a more than 21% year-on-year rise in consolidated net profit to Rs 1,462 crore for the April-June quarter of the ongoing financial year 2027, from Rs 1,205 crore reported in the year-ago period. The firm's revenue from operations meanwhile jumped around 32.55% YoY to Rs 6,632 crore during the quarter under review.
The two-wheeler and truck maker's EBITDA grew 32% YoY to its highest-ever at Rs 1,591 crore, as compared to Rs 1,203 crore reported in the same quarter of the previous financial year. Nomura raised its target price for the shares of Eicher Motors to Rs 8,437 apiece from Rs 7,878 apiece, while maintaining its 'Neutral' call. Morgan Stanley maintained its 'Equal Weight' call on the shares of Eicher Motors with a target price of Rs 7,763 apiece.
Nuvama maintained its 'Buy' rating on the shares of Eicher Motors, saying that the company delivered a robust set of Q1 earnings and is now revving up for the next leg of growth. It raised its target price to Rs 8,900 apiece from Rs 8,100 apiece, with the latest estimate implying an upside potential of over 14%.
“Building on a record-setting performance in FY26, we have sustained our strong momentum into the new financial year, with Royal Enfield recording its highest-ever quarterly sales and VECV recording its highest-ever Q1 sales.”
B. Govindarajan, Managing Director of Eicher Motors and Chief Executive Officer of Royal Enfield
Eicher Motors shares recorded a marginal decline to close at Rs 7,779 apiece on Wednesday, before the company announced its earnings. The stock gained nearly 1% in a week, 10% in a month and 6% in 2026 so far.
Building on a record-setting performance in FY26, we have sustained our strong momentum into the new financial year, with Royal Enfield recording its highest-ever quarterly sales and VECV recording its highest-ever Q1 sales," said B. Govindarajan, Managing Director of Eicher Motors and Chief Executive Officer of Royal Enfield.
Background
Eicher Motors has been a significant player in the Indian automotive sector, particularly with its Royal Enfield brand, which has a strong following both domestically and internationally. The company's strategic expansion plans, including the new manufacturing facility in Andhra Pradesh, are aimed at capitalizing on growing demand.
Looking ahead, Eicher Motors' focus on product innovation and expansion into new markets will be crucial in maintaining its growth trajectory. Investors will be keenly watching the company's upcoming product launches and its performance in the competitive global market.
