Q3 2025 Eicher Motors Ltd Earnings Call Transcript

Feb 10, 2025 / 12:00PM GMT

Release Date Price: ₹5329.45 (-0.81%)

Transcript

Key Points

Positve

Eicher Motors Ltd (BOM:505200) recorded its highest-ever quarterly revenue, EBITDA, and profit after tax.
Royal Enfield achieved its best-ever quarter with strong domestic growth and successful launches of new motorcycle models.
The company made significant strides in electric mobility with the debut of its EV brand, Flying Flea.
VECV gained market share across business segments and showcased a range of alternate energy products.
International markets saw a 71% increase in shipments, with strong retail growth and market share gains in key regions.

Negative

EBITDA margin decreased to 24.2% from 26.1% in the previous year, indicating pressure on profitability.
There was a significant increase in other expenses due to multiple product launches and marketing activities.
The commercial vehicle industry saw a decline in key segments, impacting overall growth.
The company faces geopolitical challenges affecting export markets, leading to modest growth.
The transition to OBD IIb standards is expected to result in cost increases, though pricing strategies are yet to be decided.

Operator

Ladies and gentlemen, good day, and welcome to Eicher Motors Limited Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mukesh Saraf from Avendus Spark.

Thank you, and over to you, sir.

Mukesh Saraf;India;Private Limited;Analyst;Siddhartha Lal

Spark Capital Advisors;Eicher Motors Ltd - Chief Executive Officer

()-

Thank you, (inaudible). Good evening, everyone. Mukesh Saraf here from Avendus Spark. Appreciate everybody logging in.

From the management team, I'm pleased to host Mr. Siddhartha Lal, Executive Chairman, Eicher Motors Limited; Mr. Vinod Aggarwal, Vice Chairman, Eicher Motors Limited, and MD and CEO of VECV; Mr. B. Govindarajan, MD, Eicher Motors Limited, and CEO Royal Enfield; and Ms. Vidhya Srinivasan, CFO, Eicher Motors Limited.

I'll now hand over the call to the management for opening remarks, post which we'll begin the Q&A. Over to you, sir.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.