Eicher Motors share price fell by 4% during intraday trading on Friday 11th February, only a day after the two-wheeler and commercial vehicle maker announced earnings which were below the expected level for the quarter ended December 2020.
Consolidated profit increased by 6.8% year-on-year (YoY) to Rs 532.6 crore in Q3 FY21 held up by the Royal Enfield segment but hit by higher input cost. Consolidated revenue from operations rose by 19.3% YoY to Rs 2,828.3 crore in Q3 FY21 due to higher volumes.