Eicher Motors Share Price Surges Over 8% After Company Posts Profit In Q2

Eicher Motors Share Price Jumped over 8 per cent on Thursday after the company reported an 8% increase in its consolidated profit after tax in the July-September 2024 quarter. Eicher Motors Shares soared 8.35 per cent to trade at a level of Rs 4,972.50 per share on the BSE, while, the stock surged 8.37 per cent to travel at a level of Rs 4,973 on NSE.

Eicher Motors stated on Wednesday that its consolidated profit after tax increased 8% year-on-year to Rs 1,100 crore in the September 2024 quarter, thanks to robust sales across various business sectors.

The carmaker reported a profit after tax (PAT) of Rs 1,016 crore in the July-September quarter of the prior fiscal. The company stated that it recorded its best-ever second-quarter revenue from operations of Rs 4,263 crore, up from Rs 4,115 crore a year ago.

During the second quarter, Royal Enfield recorded sales of 2,25,317 motorcycles, compared to 2,29,496 vehicles sold during the same period in FY24.
Royal Enfield is a division of Eicher Motors. Siddhartha Lal, Managing Director of Eicher Motors, stated that during the quarter, we have maintained our momentum in both Royal Enfield and VECV.

This is a developing story..