Eicher Motors Q4 Results Preview: Profit likely to jump 31% boosted by Royal Enfield volumes

Eicher Motors Q4 results 2023 preview: Eicher Motors — the parent company of Royal Enfield — is likely to report a positive set of numbers for the quarter ended March 2023 given growth in Royal Enfield volumes.

Eicher Motors Q4 results date

Eicher Motors will release its Q4 results today, May 11.

Eicher Motors Q4 results: What to expect

According to Zee Business research, Eicher Motors is likely to report a 13.5 per cent increase in consolidated revenue to Rs 3,700 crore compared with the corresponding period a year ago.

New Delhi-based Eicher Motors is estimated to report Rs 880 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA), translating to growth of 16.3 per cent compared with the year-ago period.

The analysts estimate its net profit at Rs 800 crore, an increase of 31.1 per cent on a year-on-year basis.

Its margin — a key measure of a business's profitability — is estimated to improve by 60 basis points to 24.3 per cent, according to Zee Business research.

What to expect from Royal Enfield 

Royal Enfield volumes are likely to increase 18 per cent to 2.19 lakh units boosted by increased demand for its Hunter motorcycle and easing of chip shortage-related issues, according to the research.

However, realisations are expected to decrease 4.1 per cent to Rs 1,65,000 per unit.

What to expect from VECV 

Volumes are likely to grow 31 per cent to 26,000 units driven by the commercial vehicle segment. VECV is a joint venture between Volvo Group and Eicher Motors.

Eicher Motors shares: Historical performance

Eicher Motors stock price has gained nearly 40 per cent in the last year (May 10, 2022). In comparison, the headline index Nifty 50 has rallied 12 per cent.

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