In short: Eicher Motors reports Q2 FY27 results on 13 November 2026. In Q1 FY27, revenue rose 26.6% to ₹6,214 crore from a year earlier and net profit rose 15.3% to ₹1,507 crore. Things to watch: Royal Enfield volumes, costs and margin and VECV volumes.
What to watch in Eicher Motors' Q2 FY27 results
- Royal Enfield volumes. Eicher's monthly Royal Enfield sales filings for July, August and September add up to 3,78,669 motorcycles, 16.0% more than 3,26,375 a year earlier and 14.6% more than 3,30,427 in the June quarter. Domestic sales rose 16.4% to 3,40,847 and exports 12.3% to 37,822, but models above 350cc fell 11.8% to 38,983.
- Costs and margin. Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) rose 32% to ₹1,591 crore in Q1, a margin of 24.0% against 24.7% in the March quarter. On the call, Chief Financial Officer Vidhya Srinivasan put the net impact of higher commodity and input costs at about 4% to 4.5%, against about 1.2% gained from a 1.75% April price increase on most 350cc motorcycles. She gave no commodity guidance for Q2, and Managing Director B. Govindarajan said the pressure was softening slightly.
- VECV volumes. VE Commercial Vehicles (VECV), the truck and bus joint venture with Volvo Group, sold 28,071 vehicles in July–September by its monthly filings, 28.2% more than 21,901 a year earlier, with September up 49.6% to 11,396. VECV's revenue is not part of Eicher's standalone results, but standalone other income of ₹727 crore in Q1 included a ₹272 crore dividend from VECV for 2025–26.
- Capacity and launches. On 29 July the board of Eicher approved ₹1,225 crore for Phase I of a plant at Tada in Andhra Pradesh, adding up to 4.5 lakh motorcycles a year by 2029–30, and said existing capacity of about 15 lakh a year was approaching full utilisation. On the Q1 call, B. Govindarajan said a new module from late July was taking output to almost 5,000 to 5,100 motorcycles a day, with another due by early October. The Himalayan 440, launched on 4 September, is fully booked for six months, according to the September sales filing.
Eicher Motors Q1 FY27 results at a glance
- Revenue from operations was ₹6,214 crore, up 26.6% from a year earlier and up 5.3% from the previous quarter.
- Net profit was ₹1,507 crore, up 15.3% from a year earlier and up 21.9% from the previous quarter.
- Consolidated EBITDA was ₹1,591 crore, up 32.3% from a year earlier and up 5.1% from the previous quarter.
- Consolidated EBITDA margin was 24.0%, down 70 bps from the previous quarter and up 10 bps from a year earlier.
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Standalone revenue (₹ crore) | 6,214 | 5,901 | 4,908 | +5.3% | +26.6% |
| Consolidated EBITDA (₹ crore) | 1,591 | 1,514 | 1,203 | +5.1% | +32.3% |
| Net profit (₹ crore) | 1,507 | 1,236 | 1,306 | +21.9% | +15.3% |
| Consolidated EBITDA margin | 24.0% | 24.7% | 23.9% | −70 bps | +10 bps |
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Eicher Motors Q2 FY27 results: questions
When will Eicher Motors announce Q2 FY27 results?
Eicher Motors Limited reports results for the quarter ended 30 September 2026 on 13 November 2026.
What were Eicher Motors' results last quarter?
In Q1 FY27, revenue from operations was ₹6,214 crore (+26.6% YoY) and net profit was ₹1,507 crore (+15.3% YoY).
Other auto Q2 FY27 results
- Bajaj Auto Q2 FY27 results · 27 October 2026 · net profit +35.2% YoY
- Maruti Suzuki Q2 FY27 results · 27 October 2026 · net profit −26.9% YoY
- Hyundai Motor India Q2 FY27 results · 28 October 2026 · net profit −24.3% YoY
- TVS Motor Q2 FY27 results · 28 October 2026 · net profit +52.4% YoY
- Mahindra & Mahindra Q2 FY27 results · 5 November 2026 · net profit +12.9% YoY
- Eicher Motors Q2 FY27 results · 13 November 2026
All auto Q2 FY27 results in one place
Sources
- Eicher Motors: Q1 FY27 standalone and consolidated results, 29 July 2026
- Eicher Motors: Q1 FY27 press release, 29 July 2026
- Eicher Motors: Q1 FY27 investor presentation, 29 July 2026
- Eicher Motors: Q1 FY27 earnings call transcript, 4 August 2026
- Eicher Motors: Phase I of Andhra Pradesh greenfield expansion, 29 July 2026
- Eicher Motors: Q4 FY26 investor presentation, 22 May 2026
- Eicher Motors: Royal Enfield sales for June 2026, 1 July 2026
- Eicher Motors: Royal Enfield sales for July 2026, 1 August 2026
- Eicher Motors: Royal Enfield sales for August 2026, 1 September 2026
- Eicher Motors: Royal Enfield sales for September 2026, 1 October 2026
- Eicher Motors: VECV sales for July 2026, 1 August 2026
- Eicher Motors: VECV sales for August 2026, 1 September 2026
- Eicher Motors: VECV sales for September 2026, 1 October 2026
- Eicher Motors: Himalayan 440 launch press release, 4 September 2026
- Eicher Motors: board meeting on 13 November 2026, 6 November 2026
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