Eicher Motors shares rally 8% after steady Q2 earnings. What analysts say
Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024.
While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The two-wheeler segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter.
Revenue from operations in the reporting period rose 7% year-on-year (YoY) to Rs 4,205 crore.
During the quarter, Royal Enfield recorded sales of 2.25 lakh motorcycles as compared to 2.29 lakh units sold during the same period in FY24.
The company said that the iconic Royal Enfield marked its foray into electric mobility with a new EV brand — the Flying Flea. The debut featured two models: the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6.
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Options Trading Made Easy: Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
Stock Investing Made Easy: Beginner's Stock Market
