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%. 

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. 

See Also: Vedanta Shares Soar 4% After Q1 Print, Brokerages See Up To 40% Rally Ahead

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.

Read Next: Oil India Shares Surge 7% Ahead Of Q1 Result Announcement, Revenue Expected To Grow 22% To ₹5706 Cr