Eicher Motors To Announce Q1 Results On Aug 8, Revenue To Rise 6% To ₹4,257 Cr

Eicher Motors is set to announce its June quarter results on August 8. 

What Happened: The Royal Enfiled maker is expected to announce an 11.07% year-on-year increase in consolidated net profit to ₹1,020.06 crore according to average estimates of five brokerages. Its revenue from operations is expected to rise 6.79% to ₹4,257.26 crore. EBITDA margin is expected to rise 82 basis points to 26.42%. 

Brokerage	Revenue	EBITDA Margin	Net Profit
Kotak	4195.3	26.2	978
Emkay	4246.3	26.3	1021.3
Nuvama	4273.3	26.3	1034.1
Motilal	4250.1	26.3	1009.4
Prabhudas Lilladher	4321.3	27	1057.5
Average	4257.26	26.42	1020.06

In the corresponding quarter of the previous year, the company had recorded a net profit of ₹918.34 crore and a revenue of ₹3986.4 crore. 

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Kotak expects a revenue increase of 6% YoY powered by a 5% increase in average selling price due to a richer product mix whereas the Hunter model has a lower mix and higher mix of exports. The brokerage also expects the VE Commercial Vehicle segment, the JV between Volvo and Eicher group's margins to decline 70 basis points sequentially due to negative operating leverage. 

Nuvama said better realisation will support volume growth. EBITDA margin is expected to expand on better net pricing and mix. 

Price Action: Shares of Eicher Motors closed 0.77% down at ₹4,618 on Wednesday ahead of the results announcement.

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