Schedule of Analyst / Institutional Investor(s) Meeting(s)
Newspaper Publication
Custom Duty and Penalty Demand Order
Sales volume for May, 2026
Monthly Business Updates for the month May 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited.
Schedule of Conference Call
Annual Secretarial Compliance Report for the financial year ended March 31, 2026.
OLD SCHOOL FOREVER: ROYAL ENFIELD 'BULLET 650' LAUNCHED IN INDIA
Transcript of Conference Call
Audio Recording of Conference Call
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,901.18 | 3,930.71 | 4,054.19 | 4,192.08 | 4,231.28 | 4,205.44 | 4,908.14 | 5,106.60 | 4,908.41 | 5,902.07 | 5,987.83 | 5,901.42 |
| YOY Revenue Growth % | 20.11% | 15.7% | 12.93% | 9.42% | 8.46% | 6.99% | 21.06% | 21.82% | 16% | 40.34% | 22% | 15.56% |
| Other Income | 335.16 | 275.96 | 249.55 | 307.47 | 417.29 | 337.49 | 300.03 | 353.84 | 658.86 | 339.99 | 339.24 | 356.71 |
| Total Income | 4,236.34 | 4,206.67 | 4,303.74 | 4,499.55 | 4,648.57 | 4,542.93 | 5,208.17 | 5,460.44 | 5,567.27 | 6,242.06 | 6,327.07 | 6,258.13 |
| Total Expenses + | 3,027.13 | 2,969.11 | 3,082.61 | 3,197.43 | 3,215.46 | 3,275.07 | 3,858.17 | 4,042.85 | 3,869.88 | 4,627.93 | 4,603.98 | 4,600.78 |
| Cost of Materials Consumed | 2,216.00 | 2,274.16 | 2,032.98 | 2,151.04 | 2,337.23 | 2,372.53 | 2,535.90 | 2,680.64 | 2,727.97 | 3,372.43 | 3,192.12 | 3,183.76 |
| Employee Benefit Expense | 270.95 | 283.16 | 285.11 | 307.73 | 329.12 | 315.65 | 313.94 | 320.33 | 344.23 | 386.32 | 395.36 | 374.89 |
| Other Expenses | 406.51 | 458.82 | 470.18 | 476.14 | 472.23 | 501.73 | 644.26 | 664.61 | 607.36 | 706.62 | 669.67 | 695.97 |
| Operating Profit | 874.05 | 961.60 | 971.58 | 994.65 | 1,015.82 | 930.37 | 1,049.97 | 1,063.75 | 1,038.53 | 1,274.14 | 1,383.85 | 1,300.64 |
| OPM % | 22.4% | 24.5% | 24% | 23.7% | 24% | 22.1% | 21.4% | 20.8% | 21.2% | 21.6% | 23.1% | 22% |
| Profit Before Tax + | 1,209.21 | 1,237.56 | 1,221.13 | 1,302.12 | 1,433.11 | 1,267.86 | 1,350.00 | 1,417.59 | 1,697.39 | 1,614.13 | 1,667.64 | 1,657.35 |
| Tax Expense | 295.33 | 299.06 | 307.40 | 318.81 | 345.09 | 257.98 | 293.77 | 292.46 | 390.90 | 406.12 | 377.65 | 421.02 |
| Tax % | 24.4% | 24.2% | 25.2% | 24.5% | 24.1% | 20.3% | 21.8% | 20.6% | 23% | 25.2% | 22.6% | 25.4% |
| Profit After Tax | 913.88 | 938.50 | 913.73 | 983.31 | 1,088.02 | 1,009.88 | 1,056.23 | 1,125.13 | 1,306.49 | 1,208.01 | 1,289.99 | 1,236.33 |
| EPS (Basic) | 33.40 | 34.29 | 33.38 | 35.91 | 39.72 | 36.85 | 38.53 | 41.04 | 47.65 | 44.04 | 47.03 | 45.07 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 22,699.73 | 18,451.46 | 16,078.16 | 14,066.64 | 10,122.86 | 8,619.04 | 9,077.47 |
| YOY Revenue Growth % | 23.02% | 14.76% | 14.3% | 38.96% | 17.45% | -5.05% | - |
| Other Income | 1,694.80 | 1,408.65 | 1,168.14 | 639.84 | 454.28 | 452.03 | 615.34 |
| Total Income | 24,394.53 | 19,860.11 | 17,246.30 | 14,706.48 | 10,577.14 | 9,071.07 | 9,692.81 |
| Total Expenses + | 17,702.57 | 14,391.55 | 12,276.28 | 11,198.16 | 8,465.07 | 7,287.76 | 6,549.09 |
| Cost of Materials Consumed | 12,476.28 | 9,926.30 | 8,674.18 | 7,812.32 | 5,759.44 | 5,052.57 | 4,661.17 |
| Employee Benefit Expense | 1,500.80 | 1,279.04 | 1,146.95 | 935.07 | 776.83 | 803.95 | 765.12 |
| Other Expenses | 2,679.62 | 2,282.83 | 1,811.65 | 1,608.61 | 1,270.61 | 926.19 | 1,122.80 |
| Operating Profit | 4,997.16 | 4,059.91 | 3,801.88 | 2,868.48 | 1,657.79 | 1,331.28 | 2,528.38 |
| OPM % | 22% | 22% | 23.6% | 20.4% | 16.4% | 15.4% | 27.9% |
| Profit Before Exceptional | 6,691.96 | 5,468.56 | 4,970.02 | 3,508.32 | 2,112.07 | 1,783.31 | 2,430.34 |
| Exceptional Items | -55.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 6,636.51 | 5,468.56 | 4,970.02 | 3,508.32 | 2,112.07 | 1,783.31 | 2,430.34 |
| Tax Expense | 1,595.69 | 1,189.30 | 1,220.60 | 885.73 | 525.85 | 453.61 | 526.52 |
| Tax % | 24% | 21.7% | 24.6% | 25.2% | 24.9% | 25.4% | 21.7% |
| Profit After Tax | 5,040.82 | 4,279.26 | 3,749.42 | 2,622.59 | 1,586.22 | 1,329.70 | 1,903.82 |
| EPS (Basic) | 183.79 | 156.15 | 136.98 | 95.91 | 58.02 | 48.68 | 697.50 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 19,040.92 | 17,298.24 | 16,598.20 | 13,375.59 | 8,786.75 | 3,877.22 | 0.00 |
| Property, Plant & Equipment | 2,496.77 | 2,447.39 | 2,083.31 | 2,138.40 | 2,073.29 | 2,084.47 | 0.00 |
| Capital Work in Progress | 201.11 | 95.60 | 210.04 | 74.16 | 133.38 | 59.78 | 0.00 |
| Non-Current Investments | 11,366.77 | 11,179.56 | 11,125.96 | 9,872.40 | 5,525.26 | 899.85 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 1,173.05 | 887.15 | 690.66 | 461.88 | 327.34 | 338.89 | 0.00 |
| Current Assets + | 9,522.84 | 6,788.16 | 3,874.61 | 3,499.91 | 5,497.80 | 8,747.69 | 0.00 |
| Inventories | 1,302.49 | 1,105.71 | 1,068.63 | 910.94 | 898.37 | 769.13 | 0.00 |
| Trade Receivables | 1,340.33 | 1,081.08 | 572.68 | 702.02 | 492.87 | 256.18 | 0.00 |
| Cash and Cash Equivalents | 48.89 | 117.22 | 54.02 | 27.58 | 26.62 | 62.67 | 0.00 |
| Current Investments | 1,000.00 | 847.55 | 180.92 | 219.89 | 424.70 | 1,000.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 21,807.86 | 18,499.84 | 15,693.58 | 12,886.90 | 10,794.57 | 9,705.00 | 0.00 |
| Equity Share Capital | 27.43 | 27.42 | 27.38 | 27.35 | 27.34 | 27.33 | 0.00 |
| Other Equity | 21,780.43 | 18,472.42 | 15,666.20 | 12,859.55 | 10,767.23 | 9,677.67 | 0.00 |
| Non-Current Liabilities | 1,981.66 | 1,570.12 | 1,419.33 | 943.53 | 611.11 | 491.20 | 0.00 |
| Current Liabilities | 4,774.24 | 4,016.44 | 3,359.90 | 3,045.07 | 2,878.87 | 2,428.71 | 0.00 |
| Total Liabilities | 6,755.90 | 5,586.56 | 4,779.23 | 3,988.60 | 3,489.98 | 2,919.91 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 4,708.72 | 3,829.94 | 3,863.97 | 2,807.11 | 1,570.00 | 1,696.91 | 0.00 |
| Cash from Investing Activities | -2,998.05 | -2,477.94 | -3,014.25 | -2,395.18 | -1,137.68 | -1,637.13 | 0.00 |
| Cash from Financing Activities | -1,911.21 | -1,314.73 | -796.26 | -440.83 | -474.35 | -16.11 | 0.00 |
| Net Increase/Decrease in Cash | -95.23 | 72.02 | 53.46 | -28.90 | -42.03 | 43.67 | 0.00 |