Hindustan Aeronautics Q2 Results: Net Profit Jumps 22% YoY
Eicher Motors Q2 Results: Net Profit Increases by 8.27% YoY, Reaching ₹1,100 Crore
Last Updated: 13th November 2024 - 05:21 pm
Eicher Motors announced a consolidated net profit of ₹1,100.33 crore for the quarter ending September 2024 (Q2FY25), showing an 8.27% increase from ₹1,016.25 crore in the same quarter of the previous year (Q2FY24). However, the profit saw a slight dip compared to ₹1,101.46 crore in the previous quarter. On Wednesday, Eicher Motors' stock closed 3.15% lower at ₹4,589.10 per share on the BSE.
Eicher Motors Q2 Results Highlights
• Revenue: Up by 3.8% at ₹4,186.38 crore.
• Net Profit: 8.27% increase of ₹1,100.33 crore.
• EBITDA: ₹1,088 crore for the quarter of July to September, and margin at 25.5%.
• Stock Market: Share price ended 3.15% lower at ₹4,589.10 apiece on BSE.
Stock Market Reaction
Eicher Motors' stock price closed 3.15% lower at ₹4,589.10 per share on the BSE.
About Eicher Motors
Eicher Motors Ltd, an Indian automobile manufacturer, also operates in the retail segment of automotive components and accessories. The company is involved in producing two-wheeler motorcycles and commercial vehicles. Its Motorcycles division, primarily generating the company’s revenue, manufactures motorcycles under the Royal Enfield brand. Additionally, through a joint venture with Volvo, the Commercial Vehicles division produces trucks and buses for the Indian market as well as other emerging markets. While the majority of Eicher Motors’ revenue comes from within India, the company also maintains an international presence.
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