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Revenue is seen rising 37 percent to Rs 3,122.6 crore during the quarter compared to Rs 2,275 crore in year-ago period, driven by strong volume growth in both Royal Enfield and commercial vehicle business.
Eicher Motors is also looking to expand its chain of retail stores selling biking gear. It has added new stores in Europe, Australia and Columbia, and will open an exclusive store in Dubai as well.
Eicher Motors is expected to report strong earnings in March quarter on account of strong Royal Enfield volumes. Consolidated profit after tax is seen rising a whopping 46 percent year-on-year to Rs 203 crore in first quarter of calendar year 2015, according to the average of estimates of analysts polled by CNBC-TV18.
Two-wheeler and commercial vehicle maker Eicher Motors will announce its fourth quarter earnings on Friday. Profit after tax may spike up 73 percent year-on-year to Rs 167 crore during the quarter, driven by strong revenue and operating income.
In an interview to CNBC-TV18, Surendar Singh, MD, GS Auto International, discusses the company‘s earnings and business outlook.
Revenue is seen rising 26 percent to Rs 2,191 crore in third quarter of current calendar year 2014 compared to Rs 1,736 crore in corresponding quarter of previous fiscal, according to the average of estimates of analysts polled by CNBC-TV18.
Eicher Motors is up 8 percent after reporting fabulous set of numbers for the Royal Enfield business.
Royal Enfield‘s margins were at a record high with volumes up 72 percent (Y-o-Y) and 14 percent (Q-o-Q) to 5,51,000 units in Q4CY13.
On a standalone basis, the company posted a net profit of Rs 61.79 crore for the third quarter, as against Rs 32.97 crore in the same period of previous year.
Motorcycle and truck manufacturer Eicher Motors plans to invest additional Rs 1300 crore on modernisation of commercial vehicle under its joint venture with Volvo, Siddhartha Lal, MD & CEO, Eicher Motors.
Motilal Oswal has come with its March`13 quarterly earning estimates for auto sector. The research firm believes that worst of competitive pressure is behind for passenger cars, but in 2W, UVs and CVs, rising competitive intensity poses a major challenge to incumbents.
Dolat Capital has come with its December`12 quarterly earning estimates for auto sector. According to research firm, demand for petrol vehicles continues to be under pressure despite heavy discounts.
Motilal Oswal has come with its December`12 quarterly earning estimates for auto sector. According to the research firm, demand improves with festive season, but MHCVs remain under stress.
Dolat Capital has come with its September`12 quarterly earning estimates for auto sector. The research firm expects demand for UV segment to be robust. Due to production disruption, Maruti‘s 2QFY13 will disappoint, M&M continues to report strong numbers.
Emkay Global Financial Services has come with its September`12 quarterly earning estimates for auto and auto ancillaries sector. The research firms maintains neutral stance on the sector and believe auto ancillaries are a better investment theme at this point than OEMs.
Dolat Capital has come with its June quarterly earning estimates for auto sector. The research firm expects margin improvement QoQ for Maruti and M&M.
Emkay Global Financial Services has come out with its June quarterly earning estimates for automobiles sector. The research firm expects adjusted EBIDTA margins to decline by 90bps YoY and 70bps QoQ to 11.7%.
Eicher Motors is expected to report a growth of 23.2% year-on-year in its consolidated profit after tax of Rs 90.2 crore for the first quarter of 2012, according to CNBC-TV18 poll.
Emkay Global Financial Services has come with its quarterly earning estimates on automobiles sector for March 2012. The research firm believes budget has raised red flags which can delay the cyclical recovery in demand for 4 wheelers. We maintain our preference for 2 wheelers.
Emkay Global Financial Services has come with its December quarterly earning estimates for automobiles sector. According to the research firm adjusted EBIDTA margins to decline by 100bps YoY but expand 20bps QoQ to 12.3%. Tata Motors and Bajaj Auto top picks in auto space.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Eicher Motors September quarter net sales are expected to go up by 34.6% at Rs 1478 crore, year-on-year, (YoY) basis.
After a scorching 30% growth in 2010-11, auto sales have been battling headwinds in the form of costly loans, costly fuel and costly raw materials, this financial year. Two-wheelers, utility vehicles and commercial vehicles are selling well, but passenger car sales have hit a speedbreaker.
Automaker Eicher Motors has posted a net profit of Rs 14.5 crore and net sales at Rs 149 crore for the fourth quarter. Reacting on the Q4 result numbers, Siddharth Lal, CEO of Eicher Motors, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that cost cutting measures helped the operating performance of the company.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Eicher Motors March quarter net sales are expected to go up by 31.2% at Rs 1365.3 crore, year-on-year, (YoY) basis.