Eicher Motors Q3 FY25 Outcomes: Royal Enfield mum or dad Eicher Motors on Monday staged a report quarterly efficiency on the again of unprecedented gross sales throughout companies. Nonetheless, its top-as effectively as bottom-lines virtually met analysts’ expectations. The corporate registered report quarterly gross sales volumes in Royal Enfield and VECV.
Eicher Motors Q3 FY25 Earnings: How the auto large fared on the top-line and bottom-line fronts vs analysts’ estimates
The auto main registered a consolidated internet revenue of Rs 1,170.5 crore for the quarter ended December 31, marking a 17.5 per cent enhance over the corresponding interval a yr in the past.
Its third-quarter income expanded 19 per cent to Rs 4,973.1 crore on a year-on-year foundation, in line with a regulatory submitting.
In line with Zee Enterprise analysis, Eicher Motors was estimated to log a consolidated internet revenue of Rs 1,175 crore and income of Rs 5,035 crore.
Royal Enfield, a sbusidiary of Eicher Motors, clocked its highest-ever quarterly gross sales volumes, at 2,69,039 bikes, up 17 per cent on a year-on-year foundation.
VECV, a three way partnership between Eicher Motors and the Volvo Group, logged a 1.5 per cent rise in its gross sales to 21,012 items for the quarter.
Eicher Motors Q3 Outcomes: How the auto maker fared on the operational entrance
Eicher Motors mentioned its earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) grew 10 per cent to Rs 1,201 crore.
Zee Enterprise analysts had pegged Eicher’s quarterly EBITDA at Rs 1,300 crore.
Eicher Motors Administration Commentary
Eicher Motors Managing Director Siddhartha Lal mentioned the December quarter was “extremely rewarding” for the corporate “with an all-round report efficiency throughout the board”.
“We recorded our best-ever festive efficiency, launched thrilling new bikes, and took our first step into electrical mobility with the debut of our EV model, Flying Flea. With a robust and numerous product portfolio, we’re effectively on monitor to satisfy the evolving wants of riders internationally. Even because the business car business remained sluggish, VE Business Automobiles grew volumes quarter-on-quarter with strengthened market share in all segments,” mentioned Lal.
With this momentum throughout each motorbike and CV companies, Eicher is assured of continued success sooner or later as effectively, he mentioned.
Eicher Motors Board Modifications
Eicher Motors introduced the appointment of Lal as its board’s Govt Chairman, following the retirement of Chairman S Sandilya.
The board additionally appointed Vinod Aggarwal because the Vice Chairman (Non-executive), and B Govindarajan as the brand new Managing Director of EML.
Aggarwal will proceed to function MD and CEO of VE Business Automobiles whereas Govindarajan will retain his position because the CEO of Royal Enfield, mentioned the corporate.
The Eicher Motors board additionally appointed Ira Gupta and Arun Vasu as Impartial Administrators.
Eicher Motors Share Worth Information
Earlier on Monday, Eicher Motors shares ended weaker by Rs 43.4, or 0.8 per cent, at Rs 5,329.5 apiece on BSE.
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