Categories Earnings, Other Industries

Earnings: Eicher Motors reports Q2 2022 results

Eicher Motors Ltd (NSE: EICHERMOT) reported its second-quarter 2022 earnings results today.

The company recorded total revenues at ₹2,250 crores, up by 5.4% as compared to ₹2,134 in the corresponding quarter of FY 2020-21.

EBITDA was at ₹470 crores as compared to ₹471 crores in the same quarter of the previous financial year and profit after tax was at ₹373 crores.

Royal Enfield sold 123,515 motorcycles during the quarter, a decline of 17.2% from 149,120 motorcycles sold over the same period in FY 2020-21.

Siddhartha Lal, Managing Director of Eicher Motors Ltd. said, “The second quarter of the FY 2022 saw a remarkable performance by Royal Enfield in international markets with a growth of more than 130% over the corresponding period last year. Our consistent growth in volumes and global retail presence is a testament to the company being on track to
realise its vision of becoming the first premium global consumer brand from India. We strengthened our product portfolio with the launch of the all-new Classic 350.

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