Eicher Motors (EICHERMOT) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated revenue of INR 18,870 crore and profit after tax of INR 4,734 crore for FY25, with robust Q4 results and unmodified audit opinions.

• Royal Enfield surpassed 1 million annual motorcycle sales, maintained leadership in the mid-size segment, and expanded global presence.

• VECV delivered over 90,000 trucks and buses, achieved record topline, market share gains, and launched new products, including entry into the small commercial vehicle segment.

• Focus on sustainability, innovation, and customer experience, with 86% renewable energy use and net water positivity.

• Key management changes included new appointments for Executive Chairman, Vice Chairman, and Independent Directors.

Financial highlights

• FY25 consolidated revenue: INR 18,870 crore (up from INR 16,536 crore); PAT: INR 4,734 crore (up from INR 4,001 crore); Q4 revenue: INR 5,241 crore; Q4 PAT: INR 1,362 crore.

• VECV FY25 revenue: INR 23,548 crore (up 7.7% YoY); Q4 revenue: INR 7,139 crore; FY25 EBITDA: INR 2,030 crore; Q4 EBITDA: INR 732 crore.

• Royal Enfield FY25 sales: 1,002,893 units (up 10% YoY); Q4 sales: 280,801 units (up 23.2% YoY).

• Dividend proposed at Rs. 70 per share for FY25, up from Rs. 51 per share in FY24.

• Cash and cash equivalents at year-end stood at INR 219 crore.

Outlook and guidance

• Continued growth expected in domestic and international markets, with new product launches and sustainability initiatives planned.

• Urban market growth anticipated to improve due to tax cuts; rural market remains strong.

• VECV targets 15% HD truck market share in three years and 10% operating profit.

• Cautiously optimistic on international markets, with Brazil and Bangladesh as key growth areas.

• Board recommended a final dividend of Rs. 70 per share for FY25, reflecting confidence in future cash flows.