For the 12 months ended March 31, 2021, Eicher Motors recorded complete income from operations at Rs 8,720 crore
Shares of Royal Enfield bike maker – Eicher Motors – rose as a lot 4 per cent to hit an intraday excessive of Rs 2,709.20 a day after it reported its March quarter earnings. Eicher Motors’ internet revenue in March quarter jumped 73 per cent to Rs 526 crore from Rs 304 crore throughout the identical interval final 12 months. During the quarter, Eicher Motors income from operations superior 33 per cent to an all-time excessive of Rs 2,940 crore versus Rs 2,208 crore through the corresponding interval a 12 months in the past. Its EBITDA (earnings earlier than curiosity, tax, depreciation and amortization) also called working revenue got here in at Rs 634 crore. (Track Eicher Motors share value right here)
For the 12 months ended March 31, 2021, Eicher Motors recorded complete income from operations at Rs 8,720 crore, EBITDA at Rs 1,781 crore and revenue after tax at Rs 1,347 crore, Eicher Motors stated in a inventory change submitting.
“During the year, Royal Enfield’s retail footprint in India increased from 1,521 stores across 1,200 cities to 2,056 stores across 1,750 cities. With the launch of more than 100 dealerships and more than 430 studio stores in India during FY 2020-21, Royal Enfield has further grown its network across urban, as well as rural markets. Internationally, the company now has more than 130 exclusive stores, and a retail footprint of over 760 stores in more than 60 countries. Last year saw Royal Enfield foray into new markets such as Japan, Cambodia, Costa Rica, and Dominican Republic.
The company also launched its first CKD unit (completely knocked down), in Buenos Aires, Argentina during the year.
“It has been a difficult 12 months for the business with the COVID-19 pandemic resulting in disruption in manufacturing, provide chain and retail operations. We remained agile and responded swiftly by transforming our fast priorities and offering reduction to communities in addition to making certain the security and well-being of our staff, companions and prospects,” Siddhartha Lal, Managing Director of Eicher Motors said in a press release.
“During the 12 months, there have been challenges additionally on account of things resembling provide chain constraints and commodity value enhance. However, demand continues to be good. Royal Enfield witnessed excellent choose up within the second half of the 12 months, and registered a robust efficiency in This autumn. We have seen encouraging demand coming from rural in addition to city segments,” Mr Lal added.
For the quarter ended 31 March, 2021, VECV’s income from operations was Rs. 3,602 crores, up 71.4 per cent from Rs 2,101 crore through the corresponding quarter final 12 months. EBITDA was Rs 320 crore, considerably greater as in comparison with Rs 37 crore in the identical interval final 12 months, Eicher Motors stated.
As of 12:15 pm, Eicher Motors shares traded 1.97 per cent greater at Rs 2,657, outperforming the Sensex which was up 0.56 per cent.
