Eicher Motors, Royal Enfield’s parent company, announced a 62 percent year-on-year increase in its consolidated net profit for the October-December quarter at ₹740.84 crore on Tuesday. It was ₹456.13 crore in the same quarter last year.
During the quarter under examination, the vehicle company’s overall revenue increased by 29% to ₹3,721 crore, up from ₹2,880.65 crore the previous year.
During the December quarter, EBITDA (earnings before interest, tax, depreciation, and amortisation) was ₹857.2 crore. A year ago, it was ₹580 crore.
Meanwhile, margins increased to 23% in the reported quarter, up from 20% the previous year.
During the lunchtime session on Tuesday, shares of Eicher Motors Ltd were trading 0.32% higher at ₹3,263.00 per share on the NSE.
