Tag: eichermotors

Shares of Eicher Motors, the maker of Royal Enfield motorcycles, rallied 5 percent to Rs 3,340 on the BSE in Wednesday’s intra-day trade in an otherwise subdued market after the company posted a better-than-expected 62 percent year-on-year (YoY) jump in net profit at Rs 741 crore, from Rs 456.13 crore a year ago. on the back of higher motorcycle sales and other income. On a sequential basis, net profit grew 5.7 percent. The revenue from operations came in at Rs 3,721 crore, registering a growth of 29.17 percent from Rs 2,880.65 crore in the corresponding quarter last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins, a key profit metric, stood at 23 percent, up 300 bps YoY and down 30 bps QoQ. Read more

Shares of Eicher Motors Ltd., the owner of Royal Enfield, hit a fresh 52-week high of Rs 2,574 up 9 per cent on the BSE on Friday after the automaker declared its September quarter results..Eicher Motors on November 12 reported a 40 per cent decline in consolidated net profit at Rs 343.34 crore in the second quarter ended September 30. The company had posted a net profit of Rs 572.69 crore in the corresponding quarter last fiscal, Eicher Motors said in a regulatory filing. For the July-September quarter (Q2FY21), Eicher Motors’ total revenue from operations declined 3 per cent year-on-year (YoY) at Rs 2,134 crore as compared to Rs 2,192 crore in the corresponding quarter of the previous fiscal, due to a drop in volumes. The management said production levels are at 70,000 units/month now, while bookings number were encouraging at 1.25 lakh units, including 8,000 units for newly-launched Meteor. Read more