 "Eicher Motors surges on healthy Q1 results")
Eicher Motors has rallied 6% to Rs 15,750 on the NSE after reporting a healthy 40% year on year (yoy) jump in consolidated net profit at Rs 195 crore for the fourth quarter ended March 2015 (Q1) on the back of strong sales.
The company, which owns the Royal Enfield motorcycle business, had reported a profit of Rs 139 crore in the year-ago quarter.
Net sales grew 33% at Rs 2,533 crore on a y-o-y basis, Eicher Motors said in a statement.
EBITDA margins improved nearly 300 basis points to 14.5% in the March quarter from 11.7% in corresponding quarter of the previous fiscal.
The stock opened at Rs 15,186 and hit a high of Rs 15,890 on the NSE. The trading volumes on the counter jumped more than three-fold, with a combined 136,856 shares changing hands on the NSE and BSE till 1517 hours.
The company, which owns the Royal Enfield motorcycle business, had reported a profit of Rs 139 crore in the year-ago quarter.
Net sales grew 33% at Rs 2,533 crore on a y-o-y basis, Eicher Motors said in a statement.
EBITDA margins improved nearly 300 basis points to 14.5% in the March quarter from 11.7% in corresponding quarter of the previous fiscal.
The stock opened at Rs 15,186 and hit a high of Rs 15,890 on the NSE. The trading volumes on the counter jumped more than three-fold, with a combined 136,856 shares changing hands on the NSE and BSE till 1517 hours.