Eicher Motors Q2 net profit jumps 25% YoY

Eicher's Royal Enfield

Eicher's Royal Enfield

Eicher Motors reacted negavtively to the announcement of its quaterly results. This is, however, lower than estimates at Rs 2,208 crore. Standalone net profit increased 22.8 percent year-on-year to Rs 486.4 crore, aided by revenue and operating income.

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At 14:02 hours IST, the stock price was quoting at Rs 30,067.95, down Rs 493.90, or 1.62 percent on the BSE. The company reported a Profit After Tax of Rs 518 Cr for Q2FY18 against Rs 413 Cr in Q2FY17, an increase of 25% YoY.

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"Royal Enfield sold 2,02,744 motorcycles, registering the best ever quarterly sales volume with a growth of 21.7 percent, as compared to 166,582 motorcycles sold in the same period a year ago", Eicher Motors said. Last week, the company launched two new motorcycles - the Interceptor 650 roadster and the Continental GT 650 cafe racer at the EICMA Motor Show in Milan.

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