Business Standard

Monday, December 23, 2024 | 05:29 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Eicher Motors dips 3% after posting a loss of Rs 55 crore in June quarter

Top officials of Royal Enfield said that despite the rapid recovery in demand, the Covid-19 induced lockdowns have been impacting production

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,
Premium

Chirinjibi Thapa New Delhi
Shares of Eicher Motors slipped as much as 3.9 per cent to Rs 21,100 on the BSE on Friday after the company reported a loss of Rs 55 crore in the June quarter of FY21 (Q1FY21). It had posted a profit of Rs 452 crore in the corresponding quarter last year.

The company's revenue from operations in the quarter under review declined to Rs 818 crore from Rs 2,382 crore in Q1FY20.

Earnings before interest, tax, depreciation and amortisation (EBITDA) were at Rs 4 crore in the quarter as compared to Rs 614 crore in the same quarter of previous

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in