Eicher Motors Reports 21% Hike In Profits For Q3 FY2026

Eicher Motors announced its financial results for Q3 FY2026 (October to December 2025), and the auto giant reported a 21.4 per cent increase in profits, its best-ever third quarter performance. The manufacturer’s consolidated net profit stood at ₹1,420.61 crore, up from ₹1,170.50 crore when compared to the same period in the last fiscal year. The consolidated revenue from operations rose 23 per cent year-on-year to ₹6,114 crore, against ₹4,973 crore a year prior.

Eicher Motors’ profit before tax stood at ₹1,793 crore, after accounting for an exceptional charge of ₹55.45 crore for labour-code-related provisions. EBITDA grew by 30 per cent at ₹1,557 crore, its highest-ever.

Also Read: Royal Enfield To Expand Production Capacity To Produce 20 Lakh Motorcycles, Eicher To Invest ₹958 Crore

Royal Enfield quarterly sales stood at 325,773 motorcycles, up by 21 per cent from 269,039 motorcycles sold during Q3 FY2024-25. Meanwhile, VE Commercial Vehicles (VECV) sold 26,086 vehicles in Q3 FY26, up from 21,010 vehicles sold during the corresponding quarter in the last fiscal. VECV’s revenue from operations stood at ₹7,019 crore, up by 21 per cent from ₹5,801 crore year-on-year. EBITDA for the third quarter rose 26 per cent to ₹652 crore, from ₹517 crore a year ago. Profit after tax stood at ₹338 crore, against ₹299 crore last year.

Speaking on Royal Enfield’s performance, B. Govindarajan, Managing Director - Eicher Motors Ltd., and Chief Executive Officer - Royal Enfield said, “This quarter continues the steady momentum that we have built over the previous six quarters and disciplined execution across Eicher Motors, with encouraging performance from both Royal Enfield and VECV. At Royal Enfield, we continued to see healthy demand across markets, alongside consistent progress in strengthening our product pipeline, capacity building, and engagement with the riding community. The quarter was also significant from a brand and strategy perspective, as we kickstarted celebrations for our historic 125-year milestone at EICMA 2025. With the unveiling of Bullet 650 and Flying Flea S6 and the launch of Himalayan Mana Black and Meteor 350 Sundowner, we showcased our legacy-powered yet innovative mindset. Subsequently, we continued a strong on-ground expression of that journey at Motoverse in Goa, bringing together riders and partners to celebrate the Pure Motorcycling ethos that defines Royal Enfield. We also expanded our cultural footprint beyond motorcycling with the second edition of ‘Journeying Across the Himalayas’, which grew in scale and impact. Our performance over the quarter, particularly during the festive months, is the outcome of
consistent efforts, with the GST rationalisation further improving accessibility in certain segments.”

Speaking on VECV’s performance, Vinod Aggarwal, MD and CEO – VECV and Vice Chairman – Eicher Motors Ltd. said “The third quarter was marked by a strong recovery in the Commercial Vehicle industry following a prolonged monsoon. GST-reforms, coinciding with the traditional festive buying season, helped revive consumer sentiment and consumption-led demand for transportation. VECV delivered its best-ever third quarter performance, with sales of 26,086 vehicles, representing a growth of 24.2% over the corresponding period last year. We sustained our industry leadership in the LMD truck segment (5–18T GVW) while also recording growth across Buses and Heavy Duty Truck segments. The Service and Parts business also grew during the quarter, reflecting higher service penetration and vehicle utilization across our truck and bus park. During the quarter, we expanded our product portfolio with the launch of the diesel variant of the Eicher Pro X small truck, purpose-built for city and near-city applications, as well as the LNG-powered Volvo Road Train, representing a paradigm shift in long-haul distribution. Continuing our focus on uptime and customer centricity, we added 25 new touchpoints across India, expanding service coverage at an average pace of two locations per week. For the quarter, EBITDA stood at 9.5% and EBIT at 6.8%, reflecting focus on price realization supported by enhanced value delivery to our customers.”

Eicher Motors also announced that the company has greenlit a brownfield expansion of Royal Enfield's Cheyyar manufacturing facility in Tamil Nadu to expand motorcycle production. The company will invest ₹958 crore in the expansion of the facility, which will increase total production capacity to 20 lakh units per annum, up from the current 14.6 lakh units. The phased ramp-up will begin from Q1 FY2027, and will be completed over a two-year period.