Eicher Motors Q4FY18 PAT remains flat

Eicher Motors reported its results for the quarter ended March 31, 2018.

Eicher Motors consolidated revenue for the quarter came in at Rs. 2,528.01 crore, registering 18.5 per cent yoy increase.
  
EBITDA for the quarter rose by 36.3 per cent yoy to Rs. 797.18 crore with a corresponding margin expansion of 411 bps. EBITDA margin for the quarter stood at 31.5 per cent.

The PAT for the quarter came in at Rs. 461.5 crore, remains flat vs Rs. 459 crore in the corresponding quarter last year.

Looking at the full year numbers, we see that revenue jumped by 16 per cent to reach Rs. 9,219.26 crore, while EBITDA rose by 29 per cent to Rs. 2,807.63 crore. Company reported net profit of Rs. 1,959.67 crore, up 18 per cent yoy.

In Q4FY18, Royal Enfield sold 2,26,907 motorcycles, registering its best ever quarterly sales and posting a growth of 27 per cent over 1,78,345 motorcycles sold in the same period last year. ​Royal Enfield also posted its highest ever quarterly revenue from operations at Rs. 2,528 crores for Q4FY18, a growth of 34 per cent over the corresponding period last year.

The board of directors has recommended a dividend of Rs. 110 per share for the face value of Rs. 10 each.

On Wednesday, the stock opened at Rs 30,400.05 and touched an intra-day high and low of Rs. 30,750 and Rs 30,000, respectively, and finally closed at Rs 30,305.45 on the BSE.