Eicher Motors shares struggle below flatline ahead of Q3 results today

Eicher Motors shares traded in the red as investors awaited the Royal Enfield motorcycle manufacturer's financial results for the October-December period due later in the day. Around noon, the Eicher stock was down by Rs 9.9 or 0.3 per cent at Rs 3,242.6 apiece on BSE.

What to expect in Royal Enfield motorcycle maker Eicher Motors' Q3 results 

Royal Enfield parent Eicher Motors is expected to report stellar growth on all fronts for the December quarter, mainly driven by higher volumes, lower input costs and launches. The auto major’s consolidated profit is likely to rise 61 per cent on a year-on-year basis to Rs 734 crore for the three-month period, according to Zee Business research.

Its consolidated revenue is estimated to have grown 27 per cent to Rs 3,659 crore, according to the research.

The company's margin is estimated to improve margins are also expected to improve by 380 basis points to 24 per cent.

According to Zee Business research, Eicher Motors' sales volume is estimated to expand 29.1 per cent to 2.39 lakh vehicles, with Royal Enfield volumes expected to rise on the back of domestic demand and premium launches.

Eicher Motors share price history

Eicher Motors shares have risen 26 per cent in the last one year, a period in which the Sensex index has climbed up almost eight per cent.

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