Eicher Motors Ltd. saw its shares hit a record ₹7,200 on Wednesday after reporting strong results for the third quarter of 2025–26. The stock rose 6–7% in early trade, driven by healthy earnings and revenue growth.
For the quarter ended December 31, 2025, the company posted a net profit of around ₹1,421 crore, up 21% from the same period last year. Revenue grew about 23% to ₹6,114 crore, while EBITDA rose nearly 30% to ₹1,557 crore, reflecting better operational performance.
The growth was led by Royal Enfield motorcycles, which sold 325,773 units, a 21% increase from last year. Demand for mid‑size bikes and increased production capacity supported these strong numbers. The commercial vehicle division, VE Commercial Vehicles, also contributed with higher revenue and improved profits. To meet future demand, the board approved a ₹958 crore expansion of its Cheyyar plant in Tamil Nadu.
Despite the strong performance, broker views are mixed. Choice Institutional Equities upgraded the stock to ‘Add’ with a target of ₹7,650, citing growth and a strong product line. Motilal Oswal Financial Services maintained a ‘Sell’ rating, pointing to normalising demand and limited margin gains. Nuvama Institutional Equities kept a ‘Hold’ rating, raising its target to ₹8,100 based on higher sales expectations.
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