Motilal Oswal
    NIFTY 50
Motilal Oswal

Eicher Motors Q3 results: Profit likely to fall more than 4%

Updated : February 11, 2019 02:58 PM IST

Auto major Eicher Motors — parent company of Royal Enfield — will be announcing its Q3 results on Monday. The stock has fallen about 30 percent over the last six months.

Here are the key expectations:

  • For Eicher Motors, all parameters have been under pressure.

  • Royal Enfield sales have fallen substantially. This could be the first quarter in eight years to see a decline in EBITDA.

  • The analysts are forecasting a 7.5 percent fall in EBITDA. The EBITDA margins may fall below 30 percent for the first time since March, 2016.

  • Royal Enfield’s volumes have contracted by 6 percent in Q3 on a year-on-year (YoY) basis.

  • Profit is expected to fall by 4.4 percent to about Rs 497 crore.
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