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Eicher Motors Ltd rose for a third straight session today. The stock is quoting at Rs 4945.1, up 1.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 22814. The Sensex is at 75373.53, down 0.48%. Eicher Motors Ltd has dropped around 1.29% in last one month.
Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has dropped around 3.12% in last one month and is currently quoting at 22074.9, down 2.25% on the day. The volume in the stock stood at 1.93 lakh shares today, compared to the daily average of 5.94 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 4936.3, up 1.06% on the day. Eicher Motors Ltd is up 25.15% in last one year as compared to a 2.69% gain in NIFTY and a 4.83% gain in the Nifty Auto index.
The PE of the stock is 32.4 based on TTM earnings ending December 24.
Eicher Motors Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4711.1, down 2.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.87% on the day, quoting at 22830.85. The Sensex is at 75660.79, down 0.63%.Eicher Motors Ltd has eased around 7.3% in last one month.Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has eased around 3.16% in last one month and is currently quoting at 22344.3, down 1.56% on the day. The volume in the stock stood at 2.6 lakh shares today, compared to the daily average of 6.07 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 4705.95, down 2.61% on the day. Eicher Motors Ltd jumped 20.29% in last one year as compared to a 4.2% rally in NIFTY and a 10.08% spurt in the Nifty Auto index.
The PE of the stock is 31.92 based on TTM earnings ending December 24.
Manappuram Finance shares are banned from trading in F&O on Tuesday, 11 February 2025.
Earnings Today:
Ashiana Housing, Astrazeneca Pharma India, Awfis Space Solutions, Bayer Cropscience, Berger Paints India, BLS International Services, Birlasoft, Campus Activewear, Cello World, Cera Sanitaryware, Dalmia Bharat Sugar and Industries, Devyani International, EID-Parry (India), EIH, EPL, Gensol Engineering, Gujarat Alkalies & Chemicals, HEG, Huhtamaki India, Indo Count Industries, Vodafone Idea will declare their quarterly earnings later today.
Stocks to Watch:
Eicher Motors’ consolidated net profit jumped 17.5% to Rs 1,170.50 crore in Q3 FY25 as compared with Rs 995.97 crore in Q3 FY24. Net sales increased 18.8% YoY to Rs 4,888.11 crore.
Grasim Industries' consolidated net profit declined 40.6% to Rs 898.97 crore in Q3 FY25 as against Rs 1,514.44 crore in Q3 FY24. Net sales increased 8.8% YoY to Rs 34,792.85 crore in Q3 FY25.
Apollo Hospitals Enterprise’s consolidated net profit jumped 51.8% to Rs 372.30 crore on 13.9% increase in net sales to Rs 5,526.90 crore in Q3 FY25 over Q3 FY24.
Bata India’s consolidated net profit rose 1.2% to Rs 58.70 crore in Q3 FY25 as compared with Rs 57.98 crore in Q3 FY24. Net sales increased 1.7% YoY to Rs 918.79 crore in Q3 FY25.
FSN E-Commerce (Nykaa) reported 61.3% jump in consolidated net profit to Rs 26.12 crore in Q3 FY25 as compared with Rs 16.19 crore in Q3 FY24. Net sales increased 26.7% YoY to Rs 2,267.21 crore during the quarter.
Lupin has received approval from US Food and Drug Administration (USFDA) for its abbreviated drug application for Ipratropium Bromide Nasal Solution.
Shriram Properties has entered into joint development agreement (JDA) to develop prime land at Koyamedu, Chennai. The company is embarking on developing a premium residential complex with an aggregate saleable area of 3.2 lakh sqft, to be developed over the next 3 years. The project is expected to have aggregate revenue potential of approximately Rs 350 – Rs 400 crore and is being targeted for launch during early FY26.
Profit before tax (PBT) jumped 12.6% YoY to Rs 1,460.82 crore during the quarter.
EBITDA stood at Rs 1,201 crore in Q3 FY25, rising 10% over Rs 1,090 crore in Q3 FY24. EBITDA margin declined 24.2% in Q3 FY25 as against 26.1% in Q3 FY24.
Royal Enfield’s sales volumes stood at 269,039 motorcycles, up 17% from 229,214 motorcycles sold during Q3 FY 2023-24.
Revenue from VE Commercial Vehicles (VECV) increased 6% to Rs 5,801 crore in Q3 FY25 as compared with Rs 5,483 crore in Q3 FY24. VECV reported sales of 21,012 units, registering the growth of 1.48% as compared with 20,706 units sold in Q3 FY24.
Siddhartha Lal, managing director, Eicher Motors, said, “We recorded our best-ever festive performance, introduced exciting new motorcycles, and took our first step into electric mobility with the debut of our EV brand, Flying Flea. With a strong and diverse product portfolio, we are well on track to meet the evolving needs of riders across the world. Even as the commercial vehicle industry remained sluggish, VE Commercial Vehicles grew volumes quarter-on-quarter with strengthened market share in all segments. With this momentum across both motorcycle and commercial vehicle businesses, we are confident of continued success in the future as well.'
Govindarajan, CEO of Royal Enfield and whole-time director, EML, said, “Royal Enfield has continued to strengthen its position in the mid-size motorcycle segment recording its best-ever quarter, driven by a robust demand for our motorcycles across the globe. In a bid to further strengthen our global presence, we’ve set up our first fully owned CKD facility outside India in Thailand. Our investments in Thailand reinforce our commitment to growing in the Asia-Pacific region. As we move forward, we will continue to deliver exceptional motorcycles and meaningful experiences for the motorcycling enthusiasts across the world.”
Vinod Aggarwal, MD and CEO of VECV, said, “VECV posted market-share gains in all segments and recorded a solid third quarter in a market that had still not recovered from the slowdown during the elections and uneven monsoon season. In the quarter, Eicher was #1 in market share in the Light and Medium duty truck segment and recorded its highest Q3 sales of buses. Reflecting our focus on delivering uptime and industry leading service support to customers, VECV recorded a growth of over 25% in parts sales over Q3 last year. With the recent ‘electric first’ launch of the Eicher Pro X small truck, VECV is well poised to lead the industry transition to sustainable and efficient last-mile logistics.”
Meanwhile, the company announced the appointment of Siddhartha Lal as the executive chairman of the board, following the retirement of chairman, S. Sandilya. In addition, the board also appointed Vinod Aggarwal as the vice chairman (non executive), and B. Govindarajan as the new managing director of EML. Vinod Aggarwal will continue to be MD and CEO at VE Commercial Vehicles (EML’s joint venture with the Volvo Group), while B. Govindarajan will retain his role as the CEO of Royal Enfield.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.
The scrip declined 5.27% to end at Rs 5048.65 on the BSE.