InvestorQ : What is your take on the Eicher Motors results for the Mar-21 quarter?
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What is your take on the Eicher Motors results for the Mar-21 quarter?

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Juvina Maggie answered.
3 weeks ago
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Eicher Motors, one of the star stock market performers of the last 10 years, has posted net profits of Rs.526 crore for the Mar-21 quarter. This is a profit spurt of 73% yoy. If you look at the sales revenues of Eicher for the Mar-21 quarter, then the sales revenues were 33% higher at Rs.2,940 crore. This was supported by a spurt in the CV segment, the Royal Enfield segment as well as the VECV joint venture.

Eicher has recommended a final dividend of Rs.17 per share for the fiscal year FY21. Royal Enfield saw 25% growth in volumes during the quarter to 203,403 units of motorcycles on strong pent-up demand. EBITDA was also up 47% at Rs.634 crore on cost efficiencies loaded in the income statement. For the Mar-21 quarter, VECV recorded 56% growth in volumes at 18,167 units. The stock was slightly weak on the day of results.

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