Eicher Motors, a global leader in the middleweight motorcycle segment, released its March quarter performance on Wednesday, May 14, reporting a 27.3% jump in its consolidated net profit to ₹1,362 crore, beating the analysts estimates of ₹1128 crore. The company in the March 2024 reported a net profit of ₹1,071 crore.
Revenue from operations during the quarter rose to ₹5,241 crore, marking a 23.1% increase from ₹4,256 crore posted in Q4FY24, led by led by both higher volumes and better realizations on improved mix of exports and >350cc bikes.
On the operating front, the company reported an EBITDA of ₹1,258 crore, reflecting an 11.4% year-on-year increase, while EBITDA margins stood at 24% during the reporting quarter.
