Eicher Motors revenue cracks by 66% in June quarter, net loss at Rs 55 cr

"The previous quarter put forth unprecedented challenges for the industry and for Eicher Motors," said Managing Director Siddhartha Lal

Eicher Motors on Thursday reported 66 per cent fall in its total revenue from operations to Rs 818 crore in the April to June quarter and a loss of Rs 55 crore as against a profit of Rs 452 crore in Q1 FY20.

It had clocked sales of Rs 2,382 crore in Q1 FY20. Earnings before interest, tax, depreciation and amortisation (EBITDA) were at Rs 4 crore in the quarter ended June as compared to Rs 614 crore in the same quarter of previous financial year.

Royal Enfield sold 58,383 motorcycles in the quarter, registering a decline of 68 per