Last updated: 12 Aug, 2021 | 06:02 pm
Revenue: Rs 1974 cr (up 141% YoY/ down 33% QoQ)
Net Profit: Rs 237 cr (up from a loss of Rs 55 cr in Q1FY21/ down 55% QoQ)
EBITDA margin: 18.6% (up from 0.2% on-year/ down from 22.9% on-quarter)
Royal Enfield Business:
Volumes: 122,170 units (up 113% YoY/ down 40% QoQ
Volumes: 5,806 units (up 172% YoY/ down 68% QoQ)
Revenue: Rs 1639 Cr (up 156% YoY/ down 119% QoQ)
Net profit: A loss of Rs 72 cr (up from a loss of Rs 120 cr on-year/ down from profit of Rs 127 cr)
Eicher Motors Q1FY22 earnings: Review
Eicher Motors has reported a decent set of numbers in the Apr-Jun 21 period, in the context of the ongoing challenges such as semiconductor shortages and Covid-19 induced disruptions. Royal Enfield’s best ever performance in international markets (due to a robust rise in the Americas) aided the company’s performance in the period. Eicher Motors was able to increase its domestic two-wheeler market share to 3.87% at the end of the quarter, as compared to 3.6%, on the back of a rise in sales of Royal Enfield.
While the ongoing environment is difficult for the auto players due to the semiconductor shortages and Covid-19 related uncertainties, Eicher Motors has the necessary firepower to tide over these difficult times.