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Eicher Motors on Thursday posted a 40 per cent year-on-year fall in net profit at Rs 343.34 crore for the quarter ended September 30. It had posted a profit of Rs 572.69 crore for the corresponding quarter last year.
Consolidated revenue from operations declined 2.69 per cent YoY to Rs 2,133.60 crore.
The company reported 43.83 per cent YoY growth in total expenditure at Rs 118.88 crore.
EBITDA slipped 13 per cent YoY to Rs 471 crore as against Rs 541 crore. Sales of Royal Enfield motorcycles declined 9 per cent YoY to 1,49,120 units in Q2FY21.
Commenting on Eicher Motors’ performance, Siddhartha Lal, Managing Director, Eicher Motors said, “This quarter, we witnessed healthy demand and pick-up in business activities in the automotive industry. It has been encouraging for our motorcycle business at Royal Enfield as we have seen increased revival in consumer sentiment and demand. We have a robust order book and booking numbers are ahead of pre-covid levels.”
The company announced its results post market hours. Earlier in the day, shares of Eicher Motors closed 0.78 per cent higher at Rs 2,345.80. On the other hand, the benchmark BSE Sensex settled 0.54 per cent lower at 43,357.
Consolidated revenue from operations declined 2.69 per cent YoY to Rs 2,133.60 crore.
The company reported 43.83 per cent YoY growth in total expenditure at Rs 118.88 crore.
EBITDA slipped 13 per cent YoY to Rs 471 crore as against Rs 541 crore. Sales of Royal Enfield motorcycles declined 9 per cent YoY to 1,49,120 units in Q2FY21.
Commenting on Eicher Motors’ performance, Siddhartha Lal, Managing Director, Eicher Motors said, “This quarter, we witnessed healthy demand and pick-up in business activities in the automotive industry. It has been encouraging for our motorcycle business at Royal Enfield as we have seen increased revival in consumer sentiment and demand. We have a robust order book and booking numbers are ahead of pre-covid levels.”
The company announced its results post market hours. Earlier in the day, shares of Eicher Motors closed 0.78 per cent higher at Rs 2,345.80. On the other hand, the benchmark BSE Sensex settled 0.54 per cent lower at 43,357.
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