Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Eicher Motors Limited announces its best-ever performance for the quarter ended June 30th, 2018

Posted On: 2018-08-10 12:12:16

Eicher Motors Limited (EML) today announced its unaudited consolidated financial results for the quarter ended June 30, 2018.

In the quarter ended June 2018, Royal Enfield posted its best ever performance. Revenue from operations rose 27% to a record Rs. 2,548 crores in the quarter, compared to the same period last year; Profit After Tax grew by 25% to Rs. 576 crores from Rs. 460 crores in the same period last year. The EBITDA margin increased to 31.8% this quarter from 31% in the same period last year last year. Royal Enfield sold 225,286 motorcycles in the Q1 2019, registering a growth of 23% over 183,731 motorcycles sold in the same period last year.

Commenting on Royal Enfield's performance, Siddhartha Lal, Managing Director and CEO Eicher Motors Ltd, ?said, "We continue to make significant progress on all the targets that we have set for ourselves. We are happy to report a strong financial performance for the quarter. Also, the 650 Twin motorcycles - Interceptor and Continental GT - are ready for the first global media ride planned for the last week of September in California."

In May 2018, Royal Enfield launched the limited edition Classic 500 Pegasus, inspired by the Royal Enfield RE/WD 125 'Flying Flea', the legendary lightweight World War 2 motorcycle, and paying homage to Royal Enfield's military heritage. With only 1,000 motorcycles available globally, and 250 of them in India, the Classic 500 Pegasus, was a unique opportunity to own a piece of motorcycling history. In India, the Pegasus motorcycles were sold exclusively on the Royal Enfield website, and all 250 units were sold out within 178 seconds after the opening of the online booking.

In this quarter, Royal Enfield flagged off the 15th edition of the Himalayan Odyssey from India Gate, New Delhi on July 7, 2018. Considered the holy grail of motorcycle rides across the world, the Himalayan Odyssey witnessed a participation of 60 motorcyclists this year, including 10 women riders. On this epic ride, participants traversed some of the toughest terrains and highest mountain passes in the world, covering a distance of over 2,200 kilometres across 18 days on their Royal Enfield motorcycles.

In the Commercial Vehicles (CV) segment, Eicher's joint-venture with Sweden's AB Volvo VE Commercial Vehicles (VECV) continues to perform well. VECV's Revenue from operations rose by 45% to Rs. 2,609 crores from Rs. 1,803 crores in the same period last year; PAT rose by 78% to Rs. 118 crores from Rs. 67 crores last year.

VECV sold 16,327 trucks and buses in the quarter, growing 41% over the same period last year. The growth in the CV industry is likely to continue due to a variety of factors including infrastructure development, growth in the manufacturing sector post GST and strong replacement demand. In the quarter, VECV launched the Pro 6049 and Pro 6041, which will continue to modernize the heavy duty segment in the 49 tonne and 41 tonne segments. VECV is also adding more variants powered by CNG in the light and medium duty segments, to cater to last mile connectivity.

Commenting on VE Commercial Vehicles (VECV)'s performance Siddhartha said, "VECV is gearing up for strong growth in the coming months by leveraging new technologies and products, and by strengthening marketing activities and supply chain. We are working to strengthen our market share across segments."

Shares of EICHER MOTORS LTD. was last trading in BSE at Rs.27484.25 as compared to the previous close of Rs. 27484.5. The total number of shares traded during the day was 3836 in over 1106 trades.

The stock hit an intraday high of Rs. 27999 and intraday low of 27210.1. The net turnover during the day was Rs. 105943523.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Tiger Logistics India Limited Q1FY19 PAT Rs. 2.3 crores

Barauni-Guwahati Natural Gas pipeline work gathers pace

Astrazeneca receives Marketing Permission for Olaparib Tablet for treatment of Ovarian and Breast Cancer in India

The Improvement Service signs new contract with TCS to Deliver Further Digital Transformation to Scottish Households

Solix Announces Solix EMPOWER New York 2018

India Ratings and Research upgrades India Glycols Ltd's rating

PB Global Ltd Q1 net profit at Rs. 0.43 crore

Thinking global and acting local - Three Phase Electric rolls out Common Sense Smart Community Internet of Thingsservice

Cosmo Films launches CPP metalized film with high metal bond

Ion Exchange India Ltd secures Rs. 438.84 crores order from Vedanta Ltd

Lemon Tree Hotels Ltd signs license agreement for 90 room property at Vijayawada

Rama Steel Tubes Ltd Q1 net profit up at Rs. 3.72 crores

MCX Inks MoU with Indian Bullion and Jewellers Association

Maruti Suzuki announces Price Increase across models

Renaissance Jewellery Ltd. Receives 44Th GJEPC Award For Largest Exporter Of Studded Precious Metal Jewellery

NBCC India Ltd secures order of Rs. 228 crores in July 2018

Orient Abrasives Ltd updates on operations at its plant

V-Mart Retail Ltd opens 2 new fashion stores in UP, Jharkhand

Elantas Beck India Ltd gets environmental clearance for expansion project

NBCC India Ltd receives order from SAIL

Satin Creditcare Network Limited registers 42.8% growth in Gross Loan

Carborundum Universal Limited on the impact of Kerala Rains on its operations

Zeal Aqua Ltd board approves 1:2 bonus issue

Virinchi Limited announces Q1 FY19 Results

Indsil Hydro Power & Manganese Ltd suspends power plant operation due to floods

Hindustan Organic Chemicals Ltd Q1 PAT zooms to Rs. 40.19 crores

Sambhaav Media Ltd commences 91.9 MHz FM radio station at Junagarh

Ashnisha Industries Ltd to increase stake in EZI Ventures Pvt. Ltd. to 64.63%

Mindteck India Ltd reports financial results for Q1 2018-19

Intense Technologies Ltd announces 1st quarter results

Trigyn Awarded - Seattle Public Schools - Staffing Services Contract

Auroma Coke Ltd Q1 net profit jumps to Rs. 0.51 crore

LIME Chemicals Ltd posts net profit of Rs. 1.37 crore in Q1FY19

Sreechem Resins Ltd reports Q1 loss of Rs. 0.03 crore

Alfa Transformers Ltd receives order of Rs. 17.11 crores

Pritika Auto Industries achieves highest ever monthly production volume of 3180 tonnes in July 2018

Cox & Kings Ltd upates on credit ratings

Solix Wins 2018 Frost & Sullivan Award for Global Enterprise Data Platforms Product Leadership

Australia's leading auto repair service provider TRUSTS Ramco HCM

Pfizer Ltd appoints Mr. Milind Patil as CFO

Akar Auto Industries Ltd approves appointment of independent director

Bobshell Electrodes Ltd Q1 net profit at Rs. 0.13 crore

LGB Forge Ltd posts net profit in Q1FY19

Kilitch Drugs India Ltd registers robust growth in Q1FY19

BEML flags off Nation's first 150T Electric Dump Truck

Ashok Leyland introduces 'Innoline' - World's first BS4 Engine driven by an Inline Fuel Pump

JHS Svendgaard Laboratories Ltd - Management comments on Q1FY19 results

Vedanta Limited clarifies on Madras HC notice

Grasim Industries Ltd announces excellent performance in Q1FY19

Navneet Education Limited board to consider buy back on Aug 20, 2018





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018