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.<\/p>\n\n\n\n
The company had sold 21,901 vehicles in the corresponding quarter of the previous fiscal.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
PAT, including other comprehensive income, rose to Rs 342 crore from Rs 249 crore in the corresponding quarter last year.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
He said the Pro X had received a strong response from customers, while Volvo Buses and Volvo Trucks maintained healthy delivery levels.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":1,"featured_media":4033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[104,116,1],"tags":[],"class_list":["post-4992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cv-commercial-vehicles","category-financial-results","category-news"],"_links":{"self":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4992"}],"version-history":[{"count":1,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4992\/revisions"}],"predecessor-version":[{"id":4993,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4992\/revisions\/4993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media\/4033"}],"wp:attachment":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}