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Eicher Q2 net up 54 per cent at Rs 396 crore

 

Eicher Motors scrip jump over 6% on encouraging Q1 earnings

  Helped by a 31 per cent growth in its two wheeler volumes, Eicher Motors, makers of Royal Enfield motorcycles, has reported a 54 per cent jump in net profit for the quarter ended September 30.

Profit surged to Rs 396 crore against Rs 257 crore in the corresponding quarter last year.

 

The company’s income rose 35 per cent to Rs 1,988 crore. “Eicher has continued its strong run and reported its quarter results posting the highest ever quarterly income from operations. In this quarter, EML also recorded its highest ever and best-in-class EBITDA at 30.9 per cent,” said Siddhartha Lal, Managing Director & CEO.