Eicher: Gaining from sharp product focus

Operating profit margin sustained at over 30%; net profit continues to grow at 31%

Eicher Motors scrip jump over 6% on encouraging Q1 earnings

Even as the auto industry is headed for some readjustments in profitability as input costs are once again on the rise, Eicher Motors’ ability to sustain the 30% operating profit margin in the March quarter (Q4) is commendable. This indicates if rightly invested in a good product line and quality is maintained, demand follows and customers tend to remain loyal. That’s the key takeaway from Eicher’s Q4 results.  Riding on a neat 20% increase in volumes for its Royal Enfield motorcycles and 12.6% growth for its commercial vehicles, net revenue at Rs 1,888 crore ...