InvestorQ : Can you give me your quick view on Eicher quarterly results for Sep-21 quarter?
Anamika Sodhani made post

Can you give me your quick view on Eicher quarterly results for Sep-21 quarter?

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Angel dcosta answered.
4 weeks ago
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Eicher Motors, which had recently been in the midst of a management controversy over the reappointment of Siddharth ***, reported robust growth in revenues, although the growth in profits was more muted. Total revenues for the Sep-21 quarter were up 5.43% on consolidated basis at Rs.2,250 crore. However, net profits were up 8.7% at Rs.373.20 crore for the quarter ended September 2021.

In the first half of the fiscal year 2021-22 ending in September 2021, the market share of Eicher Motors showed a marked improvement from 23.3% last year to 26%. In absolute terms, the EBITDA improved by 60.2% from Rs.485 crore to Rs.777 crore. During this period, even the EBITDA margins went up to 19%, as the company kept costs under a tight leash in the midst of supply chain constraints causing an input cost spike.

Net profits for Sep-21 quarter were up 8.70% at Rs.373 crore and this tempered growth in profits was an outcome of two major factors, which still kept the profit growth above the revenue growth. Firstly, the inventory efficiency gains were visible and secondly the sharp growth in global market share was an added advantage. Eicher scored on net margins at 16.59%; better than 16.09% in the Sep-20 quarter and also higher than 12.01% in Jun-21 sequential quarter.

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