Eicher Motors Q2 net profit jumps 25% YoY
NEW DELHI: Manufacturer of Royal Enfield, Eicher Motors on Tuesday posted 25.38 per cent year-on-year rise in consolidated net profit at Rs 518.02 crore for the quarter ended September 30, 2017 against Rs 413.16 crore in the corresponding quarter last year. ET Now poll had predicted a net profit of Rs 535 crore in Q2FY18.
Consolidated sale of products jumped 9.45 per cent year-on-year to Rs 2161.14 crore during the quarter under review against Rs 1974.60 crore in the same quarter last year. ET Now had predicted sales figures at Rs 2,209 crore.
Consolidated EBITDA stood at Rs 722 crore in Q2FY18 against ET Now expectation of Rs 694 crore.
Shares of the company were trading 2.17 per cent down at Rs 29,900 post financial results.
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Via:: Economic Times – Stocks