Eicher Motors — the parent of motorcycle maker Royal Enfield — on Tuesday reported a net profit of Rs  740.8 crore for the quarter ended December 2022, marking a jump of 62.4 per cent compared with the corresponding period a year ago. The auto major's revenue grew 29.2 per cent on a year-on-year basis to Rs 3,721 crore, according to a regulatory filing. 

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Both Eicher's topline and bottomline were in line with analysts' estimates. According to Zee Business research, Eicher Motors' quarterly net profit was estimated at Rs 734 crore and revenue at Rs 3,659 crore. 

Eicher Motors' margin — a key measure of profitability for businesses — improved by 280 basis points on a year-on-year basis to 23 per cent. That fell short of the analysts' estimates by 100 basis points. 

The auto maker's earnings before interest, taxes, depreciation and ammortisation (EBITDA) increased 47 per cent.

Eicher Motors shares briefly traded in the green after the earnings announcement.  

The stock lost more than 12 per cent of its value in the quarter ended December 2022, a period in which headline indices Sensex and Nifty50 rose 5.9 per cent each. 

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