Eicher Motors Share Price: Eicher Motors shares rally 8% after steady Q2 earnings. What analysts say
Shares of Royal Enfield manufacturer Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024.
While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The two-wheeler segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter.
Revenue from operations in the reporting period rose 7% year-on-year (YoY) to Rs 4,205 crore.
During the quarter, Royal Enfield recorded sales of 2.25 lakh motorcycles as compared…
