Eicher Motors shares slip 4% post July sales data; check details

The company stated that it witnessed a 12% year-on-year (YoY) fall in the sales of motorcycle models with engine capacity up to 350 cc at 56,590 units in July 2024 against 64,398 units in the corresponding month last year. 

However, sales of models with engine capacity exceeding 350 cc saw a rise of 22% to 10,675 from 8,719 units sold in July 2023. Overall, the sales volume dropped 8% YoY to 67,265 units from 73,117 units sold last July. 

Shares of the company have risen around 44% in the past 12 months and 184% in the last five years. 

The company is slated to release its June quarter numbers on August 8. 

Eicher Motors Q4FY24 results

The company reported an 18% increase in consolidated profit after tax to ₹1,070 crore for the fourth quarter ended March 2024, driven by higher sales. The company posted a profit after tax (PAT) of ₹906 crore in the same period last year. 

Its total revenue rose 12% to ₹4,256 crore in the January-March quarter of FY24 compared to ₹3,804 crore in the corresponding quarter of 2022–23, as per a PTI report. 

Royal Enfield recorded sales of 2,27,925 motorcycles in the fourth quarter, up 6% from 2,14,685 units in the year-ago period. For fiscal 2024, the company reported a 37% rise in PAT to ₹4,001 crore against ₹2,914 crore for FY23.

The company's board also recommended a final dividend aggregating to ₹1,396.41 crore at ₹51 per share for the financial year ended March 31, 2024.