New Delhi: VE Commercial Vehicles (VECV) on Friday reported its highest-ever quarterly sales of 28,071 vehicles in the second quarter of FY27, registering a 28.2 per cent year-on-year growth, while profit after tax (PAT) increased 37 per cent.
The company had sold 21,901 vehicles in the corresponding quarter of the previous fiscal.
Revenue from operations grew 24 per cent to Rs 7,569 crore in the July-September quarter, compared with Rs 6,106 crore in the year-ago period. EBITDA increased 22.7 per cent to Rs 588 crore from Rs 479 crore, while EBITDA margin improved to 8 per cent from 7.9 per cent.
PAT, including other comprehensive income, rose to Rs 342 crore from Rs 249 crore in the corresponding quarter last year.
LMD truck sales increased 28.5 per cent to 12,969 units during the quarter, compared with 10,096 units a year ago. HD truck sales also registered a 29.4 per cent growth at 6,962 units against 5,381 units in the year-ago period.
In the small commercial vehicle segment, sales of Eicher Pro X reached 1,763 units during the quarter, compared with 244 units in Q2 FY26. The company said the newly launched Pro X had crossed cumulative sales of 5,000 units.
VECV also recorded an 11.4 per cent increase in LMD bus sales at 3,169 units. Total bus sales grew 8.9 per cent to 3,503 units during the quarter.
Commenting on the performance, VECV Managing Director and Chief Executive Officer B Srinivas said the company had achieved its best-ever second-quarter sales, with strong growth across its engineering components and power solutions businesses.
He said the Pro X had received a strong response from customers, while Volvo Buses and Volvo Trucks maintained healthy delivery levels.
Srinivas said revenue from operations increased 24 per cent year-on-year and profit after tax grew 37 per cent, reflecting disciplined execution despite supply chain challenges and inflationary pressures linked to the continuing West Asian crisis.
During the quarter, VECV inaugurated its state-of-the-art Uptime Next Center in Pithampur, reaffirming its commitment to providing industry-leading uptime services to Eicher truck and bus customers.
