Moneycontrol
Last Updated : Feb 07, 2018 02:17 PM IST | Source: CNBC-TV18

Eicher Motors Q3 profit seen up 23%, Royal Enfield may post decent performance

Analysts expect VECV realisations at Rs 15.73 lakh per unit against Rs 15.99 lakh unit in year-ago.

Royal Enfield maker Eicher Motors' third quarter consolidated profit is seen rising 23 percent year-on-year to Rs 515.4 crore and revenue may increase 20 percent to Rs 2,219 crore.

Analysts expect Royal Enfield to post decent performance in Q3 and commercial vehicles business may be strong.

Operating profit is expected to increase 22 percent to Rs 706.8 crore and margin may expand 30 basis points compared to year-ago, according to average of estimates of analysts polled by CNBC-TV18.

Royal Enfield saw volume growth of 18.8 percent YoY to 2,06,000 units, aided by additional capacity and good demand.

Realisations may improve 1.3 percent YoY supported by price hikes.

Commercial vehicle volumes were very strong in Q3, with VECV volumes rising 37.7 percent YoY and up 8.1 percent QoQ at 16,231 units.

Analysts expect realisations at Rs 15.73 lakh per unit against Rs 15.99 lakh unit in year-ago.
First Published on Feb 7, 2018 12:06 pm
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