Eicher Motors Q2 results: Net profit rises 76% to Rs 657 cr, revenue up 56%

Eicher Motors recorded a 56 per cent increase in revenue from operations at Rs 3,519 crore

Royal Enfield maker Eicher Motors logged its highest-ever net profit in the second quarter of the financial year (Q2FY23), seeing a 76 per cent rise in net profit to Rs 657 crore, compared to a Rs 373-crore profit during the same period last year on account of improved sales.

The firm also recorded a 56 per cent increase in revenue from operations at Rs 3,519 crore, its highest ever, compared to Rs 2,250 crore in the corresponding quarter of FY22. The company’s earnings before interest, taxes, depreciation, and amortization (Ebitda) was also up 75 per cent to Rs 822 crore