Eicher Motors Ltd.
EICHERMOTConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220519 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220818 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221117 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230220 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230517 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230809 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231115 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240217 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240517 | 2024-03-31 | yes | |
| ANALYST_MEET | 20240814 | 2024-06-30 | yes | |
| ANALYST_MEET | 20241119 | 2024-09-30 | yes | |
| ANALYST_MEET | 20250215 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250520 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250806 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251119 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260216 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260526 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260804 | 2026-06-30 | yes |
EICHERMOT
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 7,338.50 |
| 52-week range | 6586.0 – 8190.0 |
| Return 1M | -8.9% |
| Return 3M | -3.42% |
| Return 1Y | 4.66% |
| Return 3Y | 116.69% |
| Return 5Y | 150.38% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 6,632.00 |
| Other income | 466.00 |
| Total income | 7,099.00 |
| Cost of materials consumed | 3,324.00 |
| Purchases of stock-in-trade | 261.00 |
| Changes in inventories | 294.00 |
| Employee benefit expense | 450.00 |
| Finance costs | 22.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.49 | -0.00 |
| institutions foreign | 0.26 | -0.01 |
| institutions domestic | 0.16 | 0.01 |
| mutual funds | 0.10 | 0.00 |
| public | 0.51 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2024-12-31 | 3 |
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,519.00 | 3,721.00 | 3,804.00 | 3,986.00 | 4,115.00 | 4,179.00 | 4,256.00 | 4,393.00 | 4,263.00 | 4,973.00 | 5,241.00 | 5,042.00 | 6,172.00 | 6,114.00 | 6,080.00 | 6,632.00 |
| Other income | 149.00 | 192.00 | 206.00 | 243.00 | 274.00 | 254.00 | 305.00 | 282.00 | 354.00 | 289.00 | 380.00 | 446.00 | 351.00 | 337.00 | 352.00 | 466.00 |
| Total income | 3,668.00 | 3,913.00 | 4,010.00 | 4,230.00 | 4,388.00 | 4,433.00 | 4,561.00 | 4,675.00 | 4,617.00 | 5,262.00 | 5,622.00 | 5,488.00 | 6,523.00 | 6,451.00 | 6,432.00 | 7,099.00 |
| Cost of materials consumed | 2,001.00 | 1,961.00 | 1,910.00 | 2,230.00 | 2,282.00 | 2,047.00 | 2,164.00 | 2,344.00 | 2,380.00 | 2,544.00 | 2,686.00 | 2,734.00 | 3,377.00 | 3,200.00 | 3,192.00 | 3,324.00 |
| Purchases of stock-in-trade | 114.00 | 113.00 | 89.00 | 97.00 | 124.00 | 137.00 | 97.00 | 104.00 | 187.00 | 103.00 | 113.00 | 218.00 | 149.00 | 253.00 | 216.00 | 261.00 |
| Changes in inventories | -90.00 | 91.00 | 119.00 | -99.00 | -186.00 | 74.00 | 15.00 | -92.00 | -284.00 | 85.00 | 128.00 | -139.00 | -51.00 | -54.00 | -26.00 | 294.00 |
| Employee benefit expense | 243.00 | 259.00 | 252.00 | 293.00 | 306.00 | 309.00 | 328.00 | 354.00 | 346.00 | 342.00 | 349.00 | 374.00 | 418.00 | 430.00 | 416.00 | 450.00 |
| Finance costs | 7.00 | 8.00 | 8.00 | 10.00 | 13.00 | 12.00 | 15.00 | 12.00 | 13.00 | 13.00 | 16.00 | 15.00 | 19.00 | 17.00 | 20.00 | 22.00 |
| Depreciation and amortisation | 127.00 | 135.00 | 148.00 | 142.00 | 143.00 | 148.00 | 165.00 | 169.00 | 180.00 | 179.00 | 201.00 | 198.00 | 200.00 | 211.00 | 232.00 | 278.00 |
| Other expenses | 429.00 | 439.00 | 501.00 | 446.00 | 501.00 | 521.00 | 524.00 | 518.00 | 547.00 | 698.00 | 707.00 | 652.00 | 767.00 | 729.00 | 769.00 | 713.00 |
| Total expenses | 2,832.00 | 3,006.00 | 3,027.00 | 3,118.00 | 3,183.00 | 3,249.00 | 3,308.00 | 3,409.00 | 3,369.00 | 3,965.00 | 4,200.00 | 4,052.00 | 4,878.00 | 4,786.00 | 4,818.00 | 5,341.00 |
| Profit before exceptional items and tax | 836.00 | 907.00 | 983.00 | 1,111.00 | 1,206.00 | 1,184.00 | 1,253.00 | 1,266.00 | 1,248.00 | 1,297.00 | 1,421.00 | 1,436.00 | 1,644.00 | 1,666.00 | 1,614.00 | 1,758.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -55.00 | 0.00 | 0.00 |
| Profit before tax | 836.00 | 907.00 | 983.00 | 1,111.00 | 1,206.00 | 1,184.00 | 1,253.00 | 1,266.00 | 1,248.00 | 1,297.00 | 1,421.00 | 1,436.00 | 1,644.00 | 1,610.00 | 1,614.00 | 1,758.00 |
| Current tax | 200.00 | 195.00 | 224.00 | 238.00 | 261.00 | 265.00 | 276.00 | 282.00 | 252.00 | 282.00 | 305.00 | 314.00 | 384.00 | 362.00 | 395.00 | 392.00 |
| Deferred tax | 23.00 | 35.00 | 27.00 | 55.00 | 30.00 | 37.00 | 38.00 | 58.00 | 10.00 | 8.00 | 2.00 | 73.00 | 25.00 | 11.00 | 21.00 | 71.00 |
| Tax expense | 223.00 | 230.00 | 251.00 | 293.00 | 291.00 | 302.00 | 315.00 | 340.00 | 262.00 | 290.00 | 307.00 | 388.00 | 410.00 | 373.00 | 417.00 | 463.00 |
| Profit for the period | 657.00 | 741.00 | 906.00 | 918.00 | 1,016.00 | 996.00 | 1,070.00 | 1,101.00 | 1,100.00 | 1,170.00 | 1,362.00 | 1,205.00 | 1,369.00 | 1,421.00 | 1,520.00 | 1,463.00 |
| Profit attributable to owners | 657.00 | 741.00 | — | 918.00 | 1,016.00 | 996.00 | 1,070.00 | 1,101.00 | 1,100.00 | 1,170.00 | 1,362.00 | 1,205.00 | 1,369.00 | 1,421.00 | 1,520.00 | 1,463.00 |
| Profit attributable to non-controlling interests | — | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -21.00 | 39.00 | 10.00 | 5.00 | -42.00 | 28.00 | -5.00 | -9.00 | 48.00 | -39.00 | -231.00 | 76.00 | 13.00 | 6.00 | 23.00 | -7.00 |
| Total comprehensive income | 636.00 | 780.00 | 916.00 | 924.00 | 974.00 | 1,024.00 | 1,065.00 | 1,092.00 | 1,149.00 | 1,132.00 | 1,131.00 | 1,282.00 | 1,383.00 | 1,427.00 | 1,543.00 | 1,455.00 |
| Earnings per share, basic | 24.02 | 27.09 | 33.11 | 33.57 | 37.13 | 36.38 | 39.10 | 40.21 | 40.15 | 42.70 | 49.69 | 43.95 | 49.93 | 51.79 | 55.41 | 53.30 |
| Earnings per share, diluted | 23.99 | 27.04 | 33.06 | 33.50 | 37.06 | 36.31 | 39.03 | 40.11 | 40.06 | 42.61 | 49.58 | 43.89 | 49.85 | 51.70 | 55.30 | 53.22 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 9,797.00 | 9,154.00 | 8,720.00 | 10,298.00 | 14,442.00 | 16,536.00 | 18,870.00 | 23,408.00 |
| Other income | 443.00 | 543.00 | 453.00 | 441.00 | 595.00 | 1,076.00 | 1,305.00 | 1,487.00 |
| Total income | 10,240.00 | 9,697.00 | 9,174.00 | 10,739.00 | 15,037.00 | 17,612.00 | 20,175.00 | 24,894.00 |
| Cost of materials consumed | 5,056.00 | 4,661.00 | 5,053.00 | 5,765.00 | 7,844.00 | 8,723.00 | 9,953.00 | 12,502.00 |
| Purchases of stock-in-trade | 212.00 | 251.00 | 266.00 | 339.00 | 431.00 | 455.00 | 507.00 | 835.00 |
| Changes in inventories | -210.00 | 84.00 | -206.00 | -149.00 | -63.00 | -197.00 | -164.00 | -270.00 |
| Employee benefit expense | 702.00 | 796.00 | 843.00 | 821.00 | 1,002.00 | 1,236.00 | 1,391.00 | 1,638.00 |
| Finance costs | 7.00 | 19.00 | 16.00 | 19.00 | 28.00 | 51.00 | 54.00 | 72.00 |
| Depreciation and amortisation | 300.00 | 382.00 | 451.00 | 452.00 | 526.00 | 598.00 | 729.00 | 840.00 |
| Other expenses | 1,134.00 | 1,182.00 | 983.00 | 1,349.00 | 1,785.00 | 1,993.00 | 2,470.00 | 2,917.00 |
| Total expenses | 7,202.00 | 7,374.00 | 7,406.00 | 8,596.00 | 11,553.00 | 12,857.00 | 14,942.00 | 18,534.00 |
| Profit before exceptional items and tax | 3,039.00 | 2,323.00 | 1,767.00 | 2,142.00 | 3,484.00 | 4,754.00 | 5,233.00 | 6,360.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -55.00 |
| Profit before tax | 3,039.00 | 2,323.00 | 1,767.00 | 2,142.00 | 3,484.00 | 4,754.00 | 5,233.00 | 6,304.00 |
| Current tax | 942.00 | 549.00 | 493.00 | 521.00 | 819.00 | 1,040.00 | 1,121.00 | 1,456.00 |
| Deferred tax | 135.00 | -21.00 | -41.00 | 4.00 | 67.00 | 161.00 | 78.00 | 131.00 |
| Tax expense | 1,077.00 | 527.00 | 452.00 | 526.00 | 886.00 | 1,201.00 | 1,199.00 | 1,587.00 |
| Profit for the period | 2,203.00 | 1,827.00 | 1,347.00 | 1,677.00 | 2,914.00 | 4,001.00 | 4,734.00 | 5,515.00 |
| Profit attributable to owners | 2,203.00 | — | — | — | — | 4,001.00 | 4,734.00 | 5,515.00 |
| Profit attributable to non-controlling interests | 0.00 | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -6.00 | 11.00 | 34.00 | -19.00 | 9.00 | -14.00 | -230.00 | 119.00 |
| Total comprehensive income | 2,197.00 | 1,839.00 | 1,381.00 | 1,657.00 | 2,922.00 | 3,987.00 | 4,504.00 | 5,634.00 |
| Earnings per share, basic | 807.76 | 669.52 | 49.30 | 61.33 | 106.56 | 146.18 | 172.76 | 201.09 |
| Earnings per share, diluted | 806.86 | 669.19 | 49.24 | 61.26 | 106.38 | 145.92 | 172.37 | 200.73 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 17,232.00 | 19,198.00 | 21,062.00 | 23,128.00 | 24,380.00 | 27,174.00 | 28,944.00 | 32,164.00 |
| Non-current assets | 11,824.00 | 15,514.00 | 16,611.00 | 18,977.00 | 18,584.00 | 20,220.00 | 20,929.00 | 22,609.00 |
| Current assets | 5,408.00 | 3,683.00 | 4,451.00 | 4,151.00 | 5,796.00 | 6,954.00 | 8,016.00 | 9,554.00 |
| Property, plant and equipment | 2,184.00 | 2,226.00 | 2,222.00 | 2,222.00 | 2,320.00 | 2,586.00 | 2,582.00 | 2,677.00 |
| Capital work-in-progress | 81.00 | 78.00 | 167.00 | 212.00 | 230.00 | 110.00 | 129.00 | 203.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 343.00 | 464.00 | 636.00 | 692.00 | 845.00 | 888.00 | 870.00 | 1,175.00 |
| Inventories | 1,446.00 | 1,278.00 | 1,570.00 | 1,410.00 | 1,792.00 | 1,564.00 | 1,835.00 | 1,968.00 |
| Trade receivables | 257.00 | 369.00 | 288.00 | 374.00 | 313.00 | 550.00 | 411.00 | 354.00 |
| Cash and cash equivalents | 140.00 | 89.00 | 125.00 | 107.00 | 147.00 | 219.00 | 249.00 | 234.00 |
| Total equity and liabilities | 17,232.00 | 19,198.00 | 21,062.00 | 23,128.00 | 24,380.00 | 27,174.00 | 28,944.00 | 32,164.00 |
| Equity | 13,277.00 | 14,990.00 | 15,931.00 | 18,046.00 | 18,980.00 | 21,296.00 | 22,086.00 | 25,100.00 |
| Equity share capital | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 |
| Other equity | 13,250.00 | 14,963.00 | 15,904.00 | 18,018.00 | 18,952.00 | 21,269.00 | 22,059.00 | 25,073.00 |
| Total liabilities | 3,955.00 | 4,207.00 | 5,131.00 | 5,082.00 | 5,400.00 | 5,878.00 | 6,858.00 | 7,063.00 |
| Non-current liabilities | 795.00 | 973.00 | 1,274.00 | 1,484.00 | 1,595.00 | 1,612.00 | 1,807.00 | 2,039.00 |
| Current liabilities | 3,160.00 | 3,235.00 | 3,856.00 | 3,598.00 | 3,806.00 | 4,266.00 | 5,051.00 | 5,024.00 |
| Borrowings, non-current | 61.00 | 63.00 | 151.00 | 163.00 | 170.00 | 184.00 | 191.00 | 202.00 |
| Borrowings, current | 62.00 | 133.00 | 118.00 | 112.00 | 94.00 | 82.00 | 105.00 | 117.00 |
| Trade payables | 1,915.00 | 1,810.00 | 2,298.00 | 2,090.00 | 2,265.00 | 2,530.00 | 2,814.00 | 2,738.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,299.00 | 2,847.00 | 1,998.00 | 3,742.00 | 1,515.00 | 3,980.00 | 2,658.00 | 4,805.00 |
| Net cash from investing activities | -770.00 | -2,422.00 | -1,114.00 | -2,852.00 | -86.00 | -2,483.00 | -772.00 | -2,964.00 |
| Net cash from financing activities | -434.00 | -417.00 | -832.00 | -844.00 | -1,380.00 | -1,399.00 | -1,943.00 | -1,983.00 |
| Purchase of property, plant and equipment | 317.00 | 682.00 | 387.00 | 819.00 | 538.00 | 1,039.00 | 617.00 | 1,275.00 |
| Net increase in cash | 96.00 | 8.00 | 52.00 | 45.00 | 48.00 | 121.00 | 20.00 | -12.00 |
| con:CFO.BEFORE_TAX | 1,640.00 | 3,618.00 | 2,381.00 | 4,810.00 | 2,017.00 | 5,060.00 | 3,234.00 | 6,163.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 340.00 | 770.00 | 383.00 | 1,068.00 | 502.00 | 1,080.00 | 576.00 | 1,358.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 443.00 | 4.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 4.00 | 9.00 | 1.00 | 4.00 | 10.00 | 11.00 | 4.00 | 9.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 49.20 | 49.17 | 49.16 | 49.15 | 49.15 | 49.11 | 49.10 | 49.09 | 49.08 | 49.07 | 0.49 | 0.49 | 0.49 | 0.49 |
| Domestic institutions | 11.28 | 10.12 | 10.58 | 9.83 | 11.14 | 11.95 | 13.76 | 16.19 | 16.63 | 15.76 | 0.15 | 0.15 | 0.15 | 0.16 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 11.03 | 0.11 | 0.10 | 0.10 | 0.10 |
| Insurance companies | 2.54 | 2.41 | 2.55 | 2.26 | 2.74 | 2.91 | 3.14 | 3.79 | 4.15 | 3.59 | 0.03 | 0.03 | 0.03 | 0.04 |
| Foreign institutions | 28.64 | 30.27 | 28.89 | 30.27 | 28.95 | 28.81 | 27.62 | 25.43 | 25.03 | 25.83 | 0.27 | 0.27 | 0.27 | 0.26 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 50.80 | 50.83 | 50.84 | 50.85 | 50.85 | 50.89 | 50.90 | 50.91 | 50.92 | 50.93 | 0.51 | 0.51 | 0.51 | 0.51 |
| Non-institutional | 10.88 | 10.43 | 11.38 | 10.75 | 10.76 | 10.13 | 9.52 | 9.29 | 9.25 | 9.34 | 0.09 | 0.09 | 0.09 | 0.09 |
| Shares outstanding | 273481570 | 273658460 | 273749460 | 273775500 | 273805630 | 274010515 | 274060710 | 274132460 | 274164080 | 274252240 | 274277990 | 274299237 | 274314204 | 274497530 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Volvo Group India Private Limited (formerly Volvo India Pri | As per Accounting Standards – Rela | Any other transaction, Purchase of fixed assets, Pur | 17,493,800,000.00 | 10 |
| Eicher Motors Limited (EML) | Interest in the form of common dir | Any other transaction, Dividend paid, Sale of goods | 14,578,600,000.00 | 5 |
| VE Commercial Vehicles Limited | Joint venture company | Advance, Any other transaction, Dividend received, I | 2,801,200,000.00 | 7 |
| Renault Trucks SAS | As per Accounting Standards – Rela | Any other transaction, Purchase of fixed assets, Sal | 2,376,100,000.00 | 4 |
| Royal Enfield Brasil Comercio de Motocicletas Ltda | Subsidiary company | Any other transaction, Investment, Sale of goods or | 1,704,700,000.00 | 6 |
| Volvo do Brasil Veiculos Ltd | As per Accounting Standards – Rela | Sale of goods or services | 1,515,100,000.00 | 1 |
| Volvo Lastvagnar AB | As per Accounting Standards – Rela | Sale of goods or services | 1,322,900,000.00 | 1 |
| Volvo Truck Corporation | As per Accounting Standards – Rela | Any other transaction, Dividend paid, Purchase of go | 1,026,800,000.00 | 5 |
| Aktiebolaget Volvo (PUBL) | Investing Company | Dividend paid | 867,400,000.00 | 1 |
| Royal Enfield North America Ltd | Subsidiary company | Any other transaction, Investment, Sale of goods or | 836,700,000.00 | 5 |
| Volvo Bus Corporation | As per Accounting Standards – Rela | Any other transaction, Purchase of goods or services | 782,400,000.00 | 3 |
| Eicher Goodearth India Private Limited (EGIPL) | Interest in the form of relatives | Any other transaction | 397,900,000.00 | 1 |
| Royal Enfield UK Limited | Subsidiary company | Any other transaction, Investment, Sale of goods or | 394,900,000.00 | 6 |
| VECV South Africa (Pty) Ltd. | 100% subsidiary of VE Commercial V | Any other transaction, Sale of goods or services | 357,100,000.00 | 7 |
| Eicher Group Foundation | Joint venture company | Any other transaction | 331,100,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-04 | Q1FY27 | LIMITED (VECYV), OFFICER — ROYAL ENFIELD | Read the call |
| 2026-05-26 | Q4FY26 | MOTORS LIMITED, ROYAL ENFIELD | Read the call |
| 2026-02-16 | Q3FY26 | Read the call | |
| 2025-11-19 | Q2FY26 | Read the call | |
| 2025-08-06 | Q1FY26 | Read the call | |
| 2025-05-20 | Q4FY25 | EXECUTIVE OFFICER OF VECV | Read the call |
| 2025-02-15 | Q3FY25 | Read the call | |
| 2024-05-17 | Q4FY24 | ENFIELD LIMITED, MOTORS LIMITED, VEHICLES LTD | Read the call |
| 2024-02-17 | Q3FY24 | EICHER MOTORS LIMITED, ENFIELD LIMITED, VEHICLES LTD | Read the call |
| 2023-11-15 | Q2FY24 | EICHER MOTORS LIMITED, ENFIELD LIMITED | Read the call |
| 2023-08-09 | Q1FY24 | CHIEF, ENFIELD LIMITED, MR. B GoVINDARAJAN -, MR. SmDHARTHA LAL -, MR. VINOD AGGARWAL - | Read the call |
| 2023-02-20 | Q3FY23 | MANAGING DIRECTOR & CHIEF, SIDDHARTHA LAL | Read the call |
| 2022-08-18 | Q1FY23 | ENFIELD LIMITED, MOTORS LIMITED | Read the call |
| 2022-05-19 | Q4FY22 | MOTORS LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q2FY26 | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Could you share your thoughts on what you are thinking on capacity addition incrementally because you're running almost at full capacity? | — | — | — | Through the Royal Enfield social mission, we have recently concluded the second edition of Journeying Across the Himalayas, a week-long multidisciplin… | — | And sir, one question was on the CAPEX plan, if you can just give us an update on how many new launches we are planning next year? | And the INR958 crores capex, which we also got it cleared, that will kick in for the overall capacity of 2 million. |
| Capital allocation | — | — | We launched the industry first assured Buyback and REOWN, which is actually, earlier it used to be the reused motorcycles, which is now presented as R… | Govindarajan: Yes, Kapil, Is this question for Royal Enfield I suppose Kapil Singh: Yes yes B.Govindarajan: So,RoyalEnfieldduring… | — | The Board of Directors of Eicher Motors Limited at the meeting held earlier today, declared a final dividend of Rs.21 per share for the year 2021-22, … | And just lastly on the dividend payout, the payout has increased, and we are closer to a payout ratio of 40%, but compared to a couple of other two-wh… | — |
| Costs | And sir, one question was on the raw material cost to sales ratio, we've seen an increase. | There's a 70bps coming through raw materials in this quarter, is that the right way to look at it? | — | And we are almost there at about 234 towns now. Page17of18 Eicher Motors Limited February 10, 2025 Weareslowlybringinginawaren… | — | — | First is that we have seen a raw material to sales trend up in this quarter. | — |
| Demand | The festive season has been particularly very encouraging for us, driven by robust demand, record bookings and the sustained consumer confidence and a… | International retail performance for the nine months of FY23 has been robust, and we have clocked a solid growth range from 37% to 48% across various … | Also, during this quarter, the products which are launched, especially Himalayan and the Shotgun, both the bookings have been very good. | As growth focus requires, from time to time, we'll keep doing that. PramodKumar: Andthesecondquestionisonthedemandresponse,Gov… | The third quarter of this fiscal year saw robust volume growth, strong festive demand and meaningful progress across our products and community-led in… | With the disruptive effects of the pandemic receding and a very Eicher Motors May 13, 2022 strong product pipeline and distribution in place, we are c… | We also began operations of a manufacturing facility and flagship showroom in Bangladesh enhancing our ability to meet local demand while maintaining … | So moving on to the questions, Govind need your help on the -- on your take on the demand for the premium motorcycles in India. |
| Guidance | In terms of percentages, we don't give the forward guidance, Chandramouli, but I can tell you, post the GST, the demand and the inquiry and the dema… | Or do we expect more margin expansion to happen in the coming quarters? | So, it's really difficult to guide saying that's not going to be the case at all going forward. | So it's multipurpose that way. Thisquarteralsomarkedadefiningmomentinourjourneytowardsthefutureofmobility.We tooko… | Sir, any outlook for next quarter on commodities? | As supply chain constraints gradually ease out, we expect production to scale up for that with a slew of new launches planned in the near term and mid… | My first question is just on your outlook for FY '26 in the domestic Royal Enfield, exports Royal Enfield as well as the VECV businesses. | So, if you can just help us understand the growth outlook for the category and your plans for the capacity to begin with? |
| Margin | Despite political disruptions in Southeast Asian markets, YTD exports stand at 3,259 units against 2,322 units in H1 of previous year. While the mar… | Eicher Motors February 14, 2023 And coming over to our financial performance this quarter, I'm delighted to announce that we reported our highest ever… | Overall, the performance at Eicher Motors Limited has been absolutely outstanding this year, and we've registered record-breaking performances of best… | Over to you, sir. SiddharthaLal: Hi.Goodevening,everyone.ThisisSiddharthaLalhere,andwelcomeeveryonetoEicher Motors… | We complemented our SCV entry with the launch of Eicher Pro X diesel, powered by the new E449X2 engine focused on best-in-class efficiency, comfort an… | Our EBITDA for Q4 was at Rs.757 crores up 19.3% from last year same quarter. | The EBITDA margin for the quarter was at 10.5% and at 8.8% for the Financial Year ‘25. | So the next big debate is the margins or the cost when your margin execution this quarter has been pretty good. |
| People | — | — | — | — | So for 450cc and 650cc, there is a capacity which is built, which is good enough because currently, the utilization is slightly lower. With the debo… | And once the capacity utilizations improve, and the CV industry is on the recovery path, once you reach nearing your capacities, I think, there will n… | — | — |
| Pricing | We've also had a bit of price increase, which has also given us a positive impact of about 50 basis points. | What we have done is for all those consumers who have actually booked our motorcycles even though at a particular point of time, we increase the prici… | As far as RE is concerned, and I think your question was around any benefits we are getting from pricing on commodities. | Govind, over to you. B.Govindarajan: Thankyou,Siddhartha.AtRoyalEnfield,wecontinuedourstronggrowthmomentumwith excepti… | And what is the outlook you are seeing for 4Q and the same for pricing as well? | On the commercial vehicle industry pricing discipline, because we have seen good growth for the last three years, but for some reason the pricing does… | And thirdly, the cost relating to OBD2B, have you passed that on fully to the consumer, what was the price hike? | If you can just help us understand between you Vidhya as to how much of the commodity impact in 4Q, how much of that you could pass on to the consumer… |
| Revenue growth | EML revenue, clocked its best ever revenue at INR6,172 crores, marking a growth of 45% over INR4,263 crores from Q2 of last year. On EBITDA, highest… | International market sales in international market is about 17,789 units in Q3, marking a growth of almost about 4.4% over last year. | We had a very strong retail growth of about 13% in the sales of our motorcycles during the festive period in India. | — | Our revenue for Q3 is at about INR 6,114 crores, marking a growth of 23% over INR 4,973 crores from Q3 last year. | And all of this contributed to a stellar growth of 108% year-on-year in our international markets. | The strong performance was the result of an all-round growth at both Royal Enfield and VECV. Eicher Motors Limited May 14, 2025 Now, let me start … | Congratulations to the team for a great performance and congratulations to Vinod ji for leading the growth of VECV for almost a decade now as the le… |