Eicher Motors tumbles after top line shrunk in H1FY17
DSIJ Intelligence / 28 Oct 2016
Eicher Motors (EML)has declared its Q2FY17 results on Friday. The company’s revenue has increased by 34.94 per cent to Rs 1981 crore in Q2FY17 as compared to same period in previous financial year.
Eicher Motors (EML)has declared its Q2FY17 results on Friday. The company’s revenue has increased by 34.94 per cent to Rs 1981 crore in Q2FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 54.42 per cent to Rs 542 crore in Q2FY17 on a yearly basis. EML’s net profit has risen by 44.95 per cent to Rs 413 crore in Q2FY17 as compared to same period in previous fiscal.
On half yearly front, EML’s top line has declined by 1.4 per cent to Rs 3736 crore in H1FY17 on a yearly basis. The company’s EBITDA has risen by 14.35 per cent to Rs 1012 crore in H1FY17 as compared to same period in previous fiscal . Its bottom line also has risen by 9.87 per cent to Rs 788 crore in H1FY17 on a yearly basis.
The share price of EML has decreased by 2.68 per cent on bourses after declaration of results; and is trading at Rs 23917.45 on an intraday basis.
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