Eicher Motors posted a consolidated internet revenue of Rs 526.14 crore for the March quarter (Q4FY21). This is a rise of 73 per cent from Rs 304 crore logged within the corresponding quarter final yr.
The auto main’s complete income from operations have been in any respect time excessive of Rs 2,940.3 crore for the quarter below overview, up 33 per cent from Rs 2,208.1 crore in the identical interval final yr.
The corporate’s board beneficial a ultimate dividend of Rs 17 per share for the monetary yr 2020-21, aggregating to Rs 464.67 crore.
Royal Enfield bought 203,343 bikes in the course of the quarter, a rise of 25 per cent from 163,083 bikes bought over the identical interval in FY20.
On a standalone foundation, firm’s internet revenue elevated 35 per cent to Rs 468 crore as towards Rs 346 crore in the identical quarter final yr.
The working revenue or earnings earlier than curiosity, tax, deprecitation and amortisation (EBITDA) stood at Rs 634 crore, up 47 per cent as in comparison with Rs 432 crore in the identical quarter of the earlier monetary yr.
Commenting on Eicher Motors’ efficiency, Siddhartha Lal, Managing Director of the corporate stated, “In the course of the yr, there have been challenges on account of things resembling provide chain constraints and commodity value enhance. Nevertheless, demand continues to be good. Royal Enfield witnessed excellent choose up within the second half of the yr, and registered a robust efficiency in This autumn.
“The business car business additionally confirmed equal resilience and noticed good restoration within the latter half of the yr. VECV gained market share throughout segments. Within the heavy obligation phase, VECV quantity grew by 6% in FY21 in comparison with final yr towards a decline of 21% in business quantity. Total, each at Royal Enfield and at VECV, we’ve managed to tide over a troublesome yr, and regardless of imminent challenges that persist, we stay steadfast on our strategic long run objectives,” he stated.
In the course of the yr, Royal Enfield’s retail footprint in India elevated from 1,521 shops throughout 1,200 cities to 2,056 shops throughout 1,750 cities. With the launch of greater than 100 dealerships and greater than 430 studio shops in India throughout FY 2020-21, Royal Enfield has additional grown its community throughout city, in addition to rural markets.
For the March quarter, VECV’s income from operations was Rs 3,602 crore, up 71.4 per cent from Rs 2,101 crore in the course of the corresponding quarter final yr. EBITDA was Rs 320 crores, considerably increased as in comparison with Rs 37 crore in the identical interval final yr.
Via numerous measures, addressing income and price, VECV was capable of develop the EBITDA margin to eight.9 per cent in the course of the quarter, from 1.8 per cent in the course of the samer interval final yr.
Revenue After Tax for the quarter was Rs 127 crore as towards a lack of Rs 26 crores in March 2020 quarter.
For the quarter, VECV recorded sturdy progress of 56 per cent with volumes of 18,167 models towards 11,629 models throughout the identical interval final yr.
On Thursday, the corporate’s inventory closed decrease at Rs 2,610.8, down almost 1 per cent on NSE.