Eicher Motors Q1 Results Total Revenue ₹4,393.05 crores & Net Income ₹1,101.46 crores

Eicher Motors Q1 Results: Eicher Motors' Q1 results for 2024 show significant improvements year-over-year (YoY) and quarter-on-quarter (QoQ). The company's total revenue for June 2024 was ₹4,393.05 crores, showing a strong growth of 10.20% YoY compared to ₹3,986.37 crores in June 2023. Even quarter-on-quarter (QoQ), the revenue rose by 3.22% from ₹3,804.32 crores in March 2023. This increase shows the company is performing well both annually and quarterly.

The selling, general, and administrative expenses went up 20.83% YoY to ₹353.62 crores, higher than ₹292.65 crores last year. Compared to March 2023, these expenses also rose 7.94%. Depreciation expenses were ₹168.63 crores, which increased by 18.53% YoY from ₹142.27 crores. This reflects higher costs related to maintaining assets.

Operating income was ₹996.80 crores, showing a healthy 13.46% YoY growth from ₹878.57 crores, and also increased 3.47% QoQ. Net income before taxes increased by 18.92% YoY to ₹1,441.04 crores, showing Eicher’s profitability is improving year after year.

Here’s a simplified version of the Eicher Motors Q1 Results:

(All figures in crores)

Source: Here 

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Eicher Motors Q1 Results

Eicher Motors earned ₹4,160.64 crores from selling products to customers during this period. In addition, they made ₹70.64 crores from other operating activities, which brought the total revenue from operations to ₹4,231.28 crores. The company also earned ₹417.29 crores from other income sources like investments, making the total income ₹4,648.57 crores.

Eicher Motors’ Total Expenses, which include costs like raw materials, employee salaries, and depreciation, were ₹3,215.46 crores. After subtracting these expenses, the company had a profit of ₹1,433.11 crores before tax.

Eicher Motors had to pay ₹345.09 crores in taxes, so the net profit after taxes was ₹1,088.02 crores. In addition to this, they recorded a small gain of ₹1.31 crores in "other comprehensive income," bringing the total comprehensive income to ₹1,089.33 crores.

Eicher Motors’ earnings per share (EPS), which shows how much profit each share made, were ₹39.72 for basic and ₹39.62 for diluted. Overall, this table shows that Eicher Motors had strong financial performance, with higher revenue and profits compared to previous periods.

Here's a summary of the key financial data for the year ending 30.06.2024 (in ₹ Crores):

Eicher Motors Stock Performance

The table provides key financial details about Eicher Motors. The company's market capitalization is ₹1,32,885 crore, which is its total value based on current stock price and shares. The current stock price is ₹4,849, with a 52-week high of ₹5,059 and a low of ₹3,272. The stock's Price-to-Earnings (P/E) ratio is 31.8, showing how much investors are willing to pay per ₹1 of earnings. The book value, or net worth per share, is ₹659. 

Here's a breakdown of the stock information you provided:

Quarterly Results 

Eicher Motors had steady growth from December 2023 to June 2024. In December 2023, sales reached ₹4,179 crores, while expenses were ₹3,089 crores. The company made an operating profit of ₹1,090 crores, with a 26% operating profit margin (OPM). By March 2024, sales increased to ₹4,256 crores, with higher expenses at ₹3,127 crores, but operating profit improved to ₹1,129 crores, raising the OPM to 27%. 

Here is the table for Eicher Motors with data for Dec 2023, Mar 2024, and Jun 2024 only:

About Eicher Motors 

Eicher Motors is a major company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. Since April 1, 2016, it has been part of the NSE’s Nifty 50 Index. EML is best known for owning Royal Enfield, a famous motorcycle brand with a history dating back to 1901. Royal Enfield is the world's oldest motorcycle brand still in continuous production and is a global leader in middleweight motorcycles. The company’s motorcycles combine modern technology with classic designs, making them popular among riders worldwide. Royal Enfield operates in over 60 countries, with manufacturing facilities in Chennai, Tamil Nadu, and development centers in the UK and India.

Eicher Motors has a joint venture with Sweden’s AB Volvo, known as Volvo Eicher Commercial Vehicles (VECV). This venture focuses on modernizing commercial vehicles in India and other developing countries. VECV produces a wide range of trucks and buses and has a key manufacturing plant in Pithampur, Madhya Pradesh, which serves as a global hub for medium-duty engines.