Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors is expected to report a net profit for the quarter ended June 30, 2024 in the range of Rs 943 crore — Rs 1,034 crore, according to estimates by four brokerages. The growth in profit after tax (PAT) could be between 2.7% and 13% on the year-on-year basis, the estimates said. Revenue for the reported quarter may be at Rs 4,178 crore — Rs 4,273 crore which translates into an uptick of up to 7.2%.
The earning estimates have been given by Kotak Institutional Equities, Nuvama Institutional Equities, Yes Securities and Axis Securities.
The highest estimate of PAT and revenue have been given by Nuvama while the lowest is from Yes Securities.
The revenue growth by the maker of Royal Enfield motorcycles will be on account of volume growth and rise in the average selling price (ASP) of the vehicles owing to a richer mix.
Eicher Motors will announce its quarterly earnings on Thursday, August 8.
Here's what brokerages recommended:
Kotak Equities
Kotak expects the company to post an adjusted PAT of Rs 978 crore which could go up by 6.5% on YoY basis while declining by 8.6% on the QoQ basis. Meanwhile, net sales is estimated at Rs 4,195 crore which could go up by 5.2% YoY and 1.4% QoQ.
EBITDA for the reported quarter is seen at Rs 1,100, which is a likely 7.7% YoY jump but a QoQ fall of 2.6%. Meanwhile, EBITDA margin is seen at 26.2%, up by 60 bps YoY and down by 31 bps QoQ.
Royal Enfield volumes remained flat on the YoY basis in 1QFY25 led by 8% YoY increase in export segment volumes, offset by 1% YoY
