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

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

    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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