Eicher Motor

Eicher Motors hit a life time high after it posted a very good set of numbers for Q1FY17. Its total income rose 42% (YoY) at Rs.1556 crore. EBITDA showed a 65% increase at Rs.470 crore. EBITDA margin rose from 26.1% to 30.2%. The PAT stood at Rs.330 crore, up 66% while PAT margin was at a healthy 21.2% v/s 18.2%.

During the quarter, total motorcycle sales, which is basically Royal Enfield stood at 1,47,483 units, up 38%. Exports were up 17% but Volvo sales dropped 40%. The company’s total commercial vehicle sales was up 15% at 16,071 units. It has increased its overall market share in commercial vehicles to 15.1% in this quarter, as compared to 13.2% recorded in the same period last year. VECV continues to do well in the sub 5-ton category with the introduction of Pro 1049 where it is currently selling more than 100 trucks every month since its launch in the last quarter.