Eicher Motors Ltd.'s bottom line rose by nearly a fifth in the fiscal fourth quarter, as earnings from its motorcycle business surged.
The consolidated net profit of the Royal Enfield parent rose 18.20% over the previous year to Rs 1,070.45 crore in the three months ended March 31, 2024, on the back of revenue that increased 11.84% to Rs 4,173.35 crore.
Analysts polled by Bloomberg had estimated the top line at Rs 4,226.80 crore and the bottom line at Rs 1,068.19 crore.
Eicher Motors Q4 FY24 Highlights (YoY)
Revenue up 11.84% to Rs 4,173.35 crore (Estimate: Rs 4,226.80 crore).
Ebitda up 20.88% to Rs 1,128.64 crore (Estimate: Rs 1,139.36 crore).
Ebitda margin expands 198 bps to 26.52% (Estimate: 27%).
Net profit up 18.20% to Rs 1,070.45 crore (Estimate: Rs 1,068.19 crore).
Note: One basis point is one-hundredth of a percentage point.
On Friday, Eicher Motors shares rose 1.98% to Rs 4,657.65 apiece on the BSE, even as the benchmark Sensex ended the day 0.36% higher at 72,664.47 points. The quarterly results were declared after market hours.
Correction: Copy updated with correct Ebitda and Ebitda margin numbers.
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