Eicher Motors surges 6% post December quarter results

The company's management is optimistic that supply chain constraints will gradually ease out over the next two quarters and production to stabilise over time.

Shares of Eicher Motors moved higher by 6 per cent to Rs 2,717.35 on the BSE in Tuesday’s intra-day trade as the company's management is optimistic that supply chain constraints will gradually ease out over the next two quarters and production will stabilise over time.

In October-December quarter (Q3FY22), the company’s earnings before interest tax and depreciation and amortization (ebitda) declined by 13 per cent year-on-year (YoY) to Rs 580 crore, owing to delays in the pass-through of commodity inflation and product launch spends of Rs 60 crore relating to new generation Classic.

Revenue grew by 2 per