Eicher Motors Q1 Results: Profit jumps 158% YoY to Rs 611 crore, meets estimates
On Wednesday, Eicher Motors recorded a consolidated net profit increase of 157.52 percent year-over-year (YoY) to Rs 610.66 crore from Rs 237.13 crore in the same period last year.
The profit amount was in line with the Rs. 612.80 crore analyst poll projection.
The consolidated operating revenue for the quarter increased 71.18 percent year over year to Rs 3,325.80 crore from Rs 1,942.84 crore in the same period last year.
According to a poll, sales were at around Rs 3,228 crore. In contrast to a poll expectation of Rs. 743.25 crore, the actual Ebitda for the quarter was Rs. 831 crores.
Ebitda’s margin, at 24.4%, was also higher than the poll’s predicted value of 23%.