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Eicher Motors Q3 FY20: In-line set of numbers amid weak demand

Nitin Agrawal

February 07, 2020 / 01:14 PM IST

Eicher Motors Q3 FY20: In-line set of numbers amid weak demand

Eicher Motors Ltd’s (EML) (CMP: Rs 20,530; Mcap: Rs 56,056 crore) December quarter results were in line with Street expectations. The bike unit clocked a marginal decline in volumes and flat growth in net revenues. Operating margin continued to be under pressure due to negative operating leverage. Volvo Eicher Commercial Vehicle (VECV) continued to disappoint with a significant decline in volumes and net revenues. Though the near to medium-term outlook continues to be weak for the company, the long-term prospects...

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