Eicher Motors' second quarter standalone profit is seen rising 26.7 per cent sequentially to Rs 427 cr and revenue may grow 13.85 per cent to Rs 1,772.9 cr, according to average of estimates of analysts polled by the media.
EBITDA or earnings before interest, tax, depreciation and amortization is likely to jump 18.4 per cent quarter-on-quarter to Rs 567 cr and margin may expand 110 bps or basis points to 31.9 per cent in Q2.
Standalone numbers comprise of only ‘Royal Enfield’ business. Volume growth remained strong in Royal Enfield and commercial vehicle sales volumes. Royal Enfield volumes grew by 31 per cent YoY to 1.67 lac units and commercial vehicles sales increased 15 per cent YoY to 13,408 units during the quarter. Analysts said that Royal Enfield demand remained very healthy and it was on track to achieve production guidance of 9 lac by FY19. The company hiked Royal Enfield price by 1 per cent in the month of August, the second price hike of calendar year.
Eicher Motors Share Price History:
Meanwhile, Eicher Motors share price was trading 0.89 per cent higher at Rs.24710 on the National Stock Exchange (NSE) today. The scrip opened at Rs.24760 from a previous closing of Rs.24491.85. So far, 3993 shares have traded on the NSE counter having a traded value of Rs.986.16 lacs. The 52-week high & low of Eicher Motors stands at Rs.26641.30 & Rs.14,800.
>Eicher Motors is analyzed by Dynamic Levels Researchers and stock analysts as the top 500 performing scrips for this quarter among 1700 scrips which are listed on the National Stock Exchange (NSE).
For more details on the scrip and also financials and fundamentals of the company, please visit Eicher Motors share price history. Here, you will also come across the resistance and support levels of the stock.
No comments:
Post a Comment