The Royal Enfield volumes stood at 2,03,343 units in Q4FY21, a growth of 25% from 1,63,083 units in Q4FY20.
The revenue from operations in Q4FY21 stood at Rs. 2,940.33 crores, as compared to Rs. 2,828.26 crores in Q4FY20, a growth of 33.2%.
EBITDA saw an increase of 45.6% from Rs. 561.27 crores in Q4FY20 to Rs. 817.33 crores in Q4FY21.
EBITDA margin for Q4FY21 stood at 27.8% as compared to 25.4% in Q4FY20.
Profit before tax increased by 54.1% from Rs. 446.84 crores in Q4FY20 to Rs. 688.59 crores in Q4FY21.
Profit after tax stood at Rs. 526.14 crores in Q4FY21 as compared to Rs. 394.28 crores in Q4FY20, a growth of 72.9%
PAT margin for Q4FY21 was 17.9% as compared to 13.8% in Q4FY20.
Consolidated FY21 results
The Royal Enfield volumes stood at 6,09,403 units in Q4FY21, a decline of 13% from 6,97,582 units in Q4FY20.
The revenue from operations in FY21 stood at Rs. 8,720.35 crores, as compared to Rs. 9,153.58 crores in FY20, a decline of (-4.7%).
EBITDA saw a decrease of (-18.1%) from Rs. 2,755.31 crores in FY20 to Rs. 2,257.11 crores in FY21.
EBITDA margin for FY21 stood at 25.9% as compared to 30.1% in FY20.
Profit before tax declined by (-24%) from Rs. 2,354.89 crores in FY20 to Rs. 1,789.93 crores in FY21.
Profit after tax stood at Rs. 1,346.89 crores in FY21 as compared to Rs. 1,827.44 crores in FY20, a decline of (-26.3%)
PAT margin for FY21 was 15.4% as compared to 20% in FY20.
Standalone Q4FY21 results
The revenue from operations in Q4FY21 stood at Rs. 2,916.82 crores, as compared to Rs. 2,163.95 crores in Q4FY20, a growth of 34.8%.
EBITDA saw an increase of 26.2% from Rs. 599.44 crores in Q4FY20 to Rs. 756.39 crores in Q4FY21.
EBITDA margin for Q4FY21 stood at 25.9% as compared to 27.7% in Q4FY20.
Profit before tax increased by 29% from Rs. 489.07 crores in Q4FY20 to Rs. 630.74 crores in Q4FY21.
Profit after tax stood at Rs. 468.08 crores in Q4FY21 as compared to Rs. 346.18 crores in Q4FY20, a growth of 35.2%
PAT margin for Q4FY21 was 16% which was similar in Q4FY20.
Standalone FY21 results
The revenue from operations in FY21 stood at Rs. 8,619.04 crores, as compared to Rs. 9,077.47 crores in FY20, a decline of (-5.%).
EBITDA saw a decrease of (-20.6%) from Rs. 2,819.12 crores in FY20 to Rs. 2,238.54 crores in FY21.
EBITDA margin for FY21 stood at 26% as compared to 31.1% in FY20.
Profit before tax declined by (-26.6%) from Rs. 2,430.34 crores in FY20 to Rs. 1,783.31 crores in FY21.
Profit after tax stood at Rs. 1,329.7 crores in FY21 as compared to Rs. 1,903.82 crores in FY20, a decline of (-30.2%)
PAT margin for FY21 was 15.4% as compared to 21% in FY20.
VECV
For Q4FY21, the revenue from operations for VECV stood at Rs. 3,602 crores, increasing by 71.4% from Rs. 2,101 crores in Q4FY20.
EBITDA stood at Rs. 320 crores, which had a huge rise as compared to Rs. 37 crores in Q4FY20.
The EBITDA margin grew to 8.9% from 1.8% in Q4FY20.
Profit After Tax for Q4FY21 stood at Rs. 127 crores as compared to a loss of Rs. 26 crores in Q4FY20.
The volumes in Q4FY21 stood at 18,167 units as compared to 11,629 units in Q4FY20, a growth of 56% YoY
Comments from Management
The business faced supply constraints and rise in commodity prices, still the demand continues to be good.
Encouraging demand from rural and urban segments.
In commercial segments, VECV gained market share across its segments.
The company added 535 new dealerships and studio format stores. This increased the retail presence of the company to 2,056 touchpoints spread across 1,750 cities.
The company expanded its international present by entering Japan with its first standalone flagship store in Tokyo. Japan is among the key motorcycling markets.
The company also entered new markets such as Cambodia, Costa Rica and Dominican Republic.
Download
