Eicher Motors: Eicher Motors sales in September grows 9.2% to 6,631 vehicles. VE Commercial Vehicles, an unlisted material subsidiary of the company, sold 6,631 vehicles in September 2022, which grew by 9.2% compared to 6,070 units sold in year-ago month, while in the first half of FY23, it registered a massive 67.6% YoY growth in sales at 35,085 vehicles.

Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Automobiles sector. The brokerage house expects Eicher Motors to report net profit at Rs. 675.8 crore up 81.1% year-on-year (up 10.7% quarter-on-quarter).

Net Sales are expected to increase by 61 percent Y-o-Y (up 6.6 percent Q-o-Q) to Rs. 3,622.7 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 92 percent Y-o-Y (up 8.5 percent Q-o-Q) to Rs. 902 crore.

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Prabhudas_Automobiles

Eicher Motors Q2 PAT seen up 81.1% YoY to Rs. 675.8 cr: Prabhudas Lilladher

Net Sales are expected to increase by 61 percent Y-o-Y (up 6.6 percent Q-o-Q) to Rs. 3,622.7 crore, according to Prabhudas Lilladher.