Eicher Motors Net Profit Surges 58% in First Quarter, Beating Estimate

Eicher Motors Ltd. reported 42 percent jump in revenue in the April-June quarter to Rs 1,557 crore, according to the company’s filing on the Bombay Stock Exchange. This was in line with Bloomberg consensus estimate of Rs 1554 crore.

Net profit rose 58 percent to Rs 376 crore compared to the previous quarter, beating analyst estimate of Rs 318 crore.

Margin on earnings before interest, tax, depreciation and amortisation rose to 30 percent from 26.1 percent in the same quarter last year.