Q4FY21 Result Update - Eicher Motors - ICICI Direct

Eicher Motors (EML) reported a steady Q4FY21 performance. Consolidated revenues for Q4FY21 were at Rs. 2,940 crore, up 4% QoQ. ASPs for Royal Enfield (RE) in Q4FY21 were at ~Rs. 1.43 lakh/unit, up 2.1% QoQ amid sales volumes of ~2.05 lakh units (up 2.5% QoQ). EBITDA for Q4FY21 was at Rs. 634 crore with attendant EBITDA margins at 21.6%, down 219 bps QoQ. Adjusting for one-off impact of ~Rs. 50 crore in other expenses, EBITDA margins were at 23.3% (down 50 bps QoQ). Consequent consolidated PAT was at Rs. 526 crore. EML's share of profits from VECV JV was at Rs. 69 crore.

For details, click on the link below: Link to the report

Shares of EICHER MOTORS LTD. was last trading in BSE at Rs.2668 as compared to the previous close of Rs. 2638.05. The total number of shares traded during the day was 36207 in over 3494 trades.

The stock hit an intraday high of Rs. 2684.15 and intraday low of 2616.2. The net turnover during the day was Rs. 96394367.

Source : Equity Bulls

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