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Eicher Motors Does 66% Profit Growth in June 2016 : Result Analysis

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Eicher Motors, the maker of the iconic bullet motorcycle has issued their performance report for Jun 2016. The leader in 2 wheeler premium segment reported a 41.96% growth in Income from Operations with Net Profits standing at Rs. 329.6 crore at a growth rate of 65.83%. This translation has been generated from sales of 1.47 lakh Bullets in addition to the Eicher trucks and Polaris offroaders.

Check out the Daily Results Tracker here

Royal Enfield Sales June 2016

Result Analysis: Eicher Motors

  • Total Income from Operations increased 41.96% to Rs. 1,556 crore.
  • Profit After tax increased 65.83% to Rs. 329 crore.
  • EPS increased 58.49% to Rs. 138 per share.

Scrip closed at Rs. 21,099/- up almost 4% in anticipation of another outstanding quarter.
Eicher Motors Share Price 28 July 2016

Other notable points were:

  • Its subsidiaries reported a revenue of Rs. 3.91 crore from operations along with a net loss after tax at Rs. 4.32 crore.
  • Other Income almost doubled from Rs. 26.16 crore to Rs. 46.82 crore.

Eicher Motors Q12017 Results Analysis
Disclosure: Analyst or Family do not hold the stock
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