Q3FY18 Results: Eicher Motors reports good PAT numbers
Makers of the iconic Royal Enfield, Eicher Motors reported consolidated revenue for the quarter at Rs. 2,269.49 crore, registering 9.6 per cent yoy increase.
EBITDA for the quarter rose by 22.7 per cent yoy to Rs. 707.69 crore with a corresponding margin expansion of 333 bps. EBITDA margin for the quarter stood at 31.2 per cent.
The PAT for the quarter came in at Rs. 520.5 crore, yoy increase of 24.5 per cent. This was due to increase in profit from joint venture of Rs. 61.92 crore in the quarter from Rs. 18.71 crore in corresponding quarter of last year.
The stock of Eicher Motors which opened on Wednesday at Rs. 27,999 remained flat even after posting its Q3FY17 results. The stock closed at Rs. 27911 per share, 1.25 per cent up from previous close of Rs. 27568.