Shares of Eicher Motors will be in focus today as the company reported a 8% growth in its standalone net profit at INR 1010 crore in the quarter ended September 2024.

While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The two-wheeler segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter.

Revenue from operations in the reporting period rose 7% year-on-year (YoY) to INR 4,205 crore.

During the quarter, Royal Enfield recorded sales of 2.25 lakh motorcycles as compared to 2.29 lakh units sold during the same period in FY24.

The company said the iconic Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. The debut featured two models: the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6.

"With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years," said Siddhartha Lal, Managing Director, Eicher Motors.

Analysts said Eicher Motors' expansion plans and entry into the EV space bode well for its growth, positioning the company for sustained development and a stronger market presence.

On the CV front, the segment delivered its best-ever Q2 performance, with a strengthened market share in the truck segment despite the slowdown in the CV industry.

For the second quarter, VECV’s (VE Commercial Vehicles) revenue from operations rose 8% to INR 5,538 crore and EBITDA came in at INR 395 crore. Profit after tax for the business stood at INR 209 crore.

VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year.