Eicher Motors on February 14 reported a 62.41 percent surge in consolidated net profit at Rs 740.84 crore for the quarter ended December 2022 from Rs 456.13 crore a year ago.
The maker of Royal Enfield said its revenue from operations came in at Rs 3,721 crore, registering a growth of 29.17 percent from Rs 2,880.65 crore in the corresponding quarter last year.
The company said in the first nine months of the fiscal FY23, its standalone sales volume stood at 6.09 lakh, up from 4.16 lakh units in the same period last year. Market share also improved to 30.7 percent from 27 percent.
The company said its EBITDA margin rose to 23.9 percent from 19.6 percent in nine month period. Cash at hand also improved to Rs 9120 crore from Rs 7,215 crore
The stock traded down 2.35 percent to Rs 3,176 on BSE following the earnings announcement.
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