Finance Update

Eicher Motors Q3 consolidated net profit rises by 2.4% y-o-y

Eicher Motors Q3 profit rises 2.4% to Rs.533 cr, margin below 30% for first time in last 11 quarters

  • Net profit rose by 2.4% y-o-y to Rs.533 crore from Rs.520.5 crore.
  • Revenue surged by 3.2% y-o-y to Rs.2,341 crore from Rs.2,264 crore.
  • EBITDA slipped by 3.9% y-o-y to Rs.679.5 crore from Rs.707.2 crore.

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Eicher Motors Q3 profit rises 2.4% to Rs.533 cr, margin below 30% for first time in last 11 quarters

At operating level, consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) declined for the first time in last eight years and margin fell below 30 percent for the first time since March quarter 2016.

Moneycontrol News

Royal Enfield maker Eicher Motors third quarter (October-December) consolidated profit grew by 2.4% year-on-year to Rs.533 crore with low revenue growth and weak operating income.

Profit in same quarter last year stood at Rs.530.9 crore.

Revenue from operations in Q3 increased 3.2% to Rs.2,341 crore year-on-year, but Royal Enfield sales volume declined 6 percent YoY against 3.6% rise in Q2.

The company sold 1.94 lakh units during the quarter ended December 2018.

At operating level, consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) declined for the first time in last eight years and margin fell below 30% for the first time since March quarter 2016.

EBITDA dipped 3.9% year-on-year to Rs.679.5 crore and margin contracted 220 bps to 29% in Q3FY19.

Numbers were ahead of CNBC-TV18 poll estimates which were at Rs.497 crore on profit and Rs.2,270 crore on revenue. EBITDA was estimated at Rs.665 crore and margin at 29.2% for the quarter.

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