NIFTY 50

Eicher Motors Q1 Earnings: Revenue likely to decline by 6%

Updated : July 31, 2019 08:04 AM IST

Indian motorcycle and commercial vehicle manufacturer and the parent of Royal Enfield, Eicher Motors is set to report its first-quarter results on Wednesday. The stock is trading close to its 52-week low. It has fallen 30 percent in 2019.

Here are the key expectations:

  • Both, Royal Enfield, as well as the commercial vehicle (CV) business, will likely report poor performance.

  • The revenues are expected to fall by 6 percent. The EBITDA will go down by 21 percent.

  • Royal Enfield is likely to have underperformed all its peers in the two-wheeler space.

  • Royal Enfield volumes were down almost 19 percent year-on-year (YoY), which will reflect in the quarterly numbers.

  • CV volumes were down almost 20 percent, which will reflect in the overall numbers.

  • Analysts are expecting the margins to fall to 26 percent versus an average of 30-31 percent in the preceding six quarters.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV