Eicher Motors Limited shares rose 6% after the company reported a strong set of Q3 results, beating street estimates while also delivering robust year-on-year (YoY) growth across key metrics.
The company posted a net profit of ₹1,420 crore for the quarter, higher than the CNBC-TV18 poll estimate of ₹1,380 crore. On a YoY basis, net profit increased 21.3% from ₹1,171 crore, reflecting strong earnings momentum compared to the same quarter last year.
Revenue came in at ₹6,114 crore, ahead of the estimated ₹6,050 crore. Revenue also grew 23% YoY from ₹4,973 crore, indicating healthy demand and improved topline performance.
EBITDA stood at ₹1,556.5 crore, beating the poll estimate of ₹1,494 crore. Operating profit rose 29.6% YoY from ₹1,201 crore, outpacing revenue growth and highlighting improved operating leverage.
EBITDA margin expanded to 25.5%, higher than the estimated 24.7%. On a YoY basis, margin improved from 24.2% to 25.5%, marking a clear improvement in profitability compared to the previous year.
The stronger-than-expected earnings performance supported investor sentiment, leading to a nearly 3% rise in the stock following the results announcement.
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