Eicher Motors posts royal results in Q1FY17

Eicher Motors has declared its Q1FY17 results on Thursday after market hours. The company’s revenue has increased by 42 per cent to 1556 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has boosted by 64.6 per cent to Rs 470 crore in Q1FY17 on a yearly basis. Eicher Motors’ EBITDA margin has expanded by 410 basis points to 30.2 per cent in Q1FY17 on a yearly basis. The company’s net profit also has increased by 58.6 per cent to Rs 376 crore in Q1FY17 as compared to same period in previous fiscal. Its net profit margin has expanded by 254 basis points to 24.16 per cent in Q1FY17 on a yearly basis.

Eicher Motors’ total motorcycles' sales have boosted by 38.33 per cent to 147383 numbers in Q1FY17 as compared to same period in previous financial year.

Royal Enfield has maintained its strong volume growth in Q1FY17. The response to Himalayan- Royal Enfield’s first adventure-tourer, has been extremely encouraging and it is now available for booking across the country. It has expanded its footprint in India with 566 dealerships across the country. In June 2016, Royal Enfield opened its store in Manila, Philippines with its global retail identity. Philippines is among the largest two-wheeler markets in the world.

The share price of Eicher Motors’ increased by 6.2 per cent on bourses in early trades; and is trading at Rs 22223.55 on an intraday basis.

Eicher Motors is the flagship company of the Eicher Group. The company owns the iconic Royal Enfield motorcycle business. Its joint venture with the Volvo Group - VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient trucks and buses.