Interim report
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EICHER For Immediate Release Eicher Motors Limited announces financial results for the quarter ended • • • September 30 , 2021 - FY 2021-22 For the quarter ended September 30 , 2021 , Eicher Motors Limited recorded total revenue from operations at Rs . 2250 crores , EBITDA at Rs . 470 crores and Profit after tax at Rs . 373 crores Royal Enfield ended the quarter with best ever performance in international markets for the second successive quarter with total exports at 17,922 units , more than 132 % increase over 7,714 in the same period last year ; almost 41 % increase over Q2 FY 19-20 Performance in international markets has been consistently improving with close to 4X growth in exports as compared to FY 2018-19 when annual exports stood at 19,721 motorcycles New Delhi , November 03 , 2021 : Eicher Motors Limited ( EML ) today announced its audited consolidated financial results for the second quarter of FY 2021-22 . For the quarter ended September 30 , 2021 , Eicher Motors Ltd. recorded total revenues at Rs . 2,250 crores , up by 5.4 % as compared to Rs . 2,134 in the corresponding quarter of FY 2020-21 . EBITDA was Rs . 470 crores as compared to Rs . 471 crores in the same quarter of the previous financial year . Profit After Tax was recorded at Rs . 373 crores as against a profit of Rs . 343 crores during the same period last year . Royal Enfield sold 123,515 motorcycles during the quarter , a decline of 17.2 % from 149,120 motorcycles sold over the same period in FY 2020-21 . Commenting on Eicher Motors ' performance , Siddhartha Lal , Managing Director of Eicher Motors Ltd. said , “ The second quarter of the FY 2022 saw a remarkable performance by Royal Enfield in international markets with a growth of more than 130 % over the corresponding period last year . Our consistent growth in volumes and global retail presence is testament to the company being on track to realise its vision of becoming the first premium global consumer brand from India . We strengthened our product portfolio with the launch of the all new Classic 350. The motorcycle takes forward the legacy of its legendary predecessor while significantly elevating the ride experience . The all - new Classic 350 has received resounding response from consumers across the country . At VE Commercial Vehicles , we continued to deliver on our sustained growth momentum backed by a robust recovery in HD , LMD and Bus segments . Overall , with the market picking up over the festive season , consumer sentiment significantly improving over the year , we see that demand continues to be strong and outstripping supply . With the semiconductor and supply chain issue expected to ease off over the next quarter , we are optimistic and poised for growth . " Speaking about Royal Enfield's business through the quarter , B. Govindarajan , Executive Director , Royal Enfield said , " While this quarter was impacted by the ongoing global shortage of semiconductor chips , we have remained engaged with our suppliers to mitigate the situation and maximize supplies . Moving forward , we foresee the supply chain situation improving gradually and expect the availability of parts to increase beginning Q3 - FY22 which will enable us to further ramp up production . During this quarter , our commitment towards nurturing the spirit of pure motorcycling underscored our initiatives . Our focus on fostering riding subcultures saw Royal Enfield mark its debut in motorsports with the Continental GT Cup a unique retro track - racing initiative . We also initiated an epic endeavour to undertake a first - of - a - kind motorcycle expedition to the South Pole . 90 ° South , will see two purpose built Himalayan motorcycles attempt to reach the South Pole in December this year to mark the brand's 120th anniversary . Also celebrating 120 years of the brand's legacy will be an exclusive range of limited