Eicher Motors Limited (EICHERMOT) recently announced its financial results for the quarter ending September 2024 (Q2 2024). This report examines the company’s Q2 2024 performance, providing a comparative view with the previous quarter (June 2024) and the same quarter last year (September 2023). Key performance indicators analyzed include sales, net profit, operating profit margin, other income, earnings per share (EPS), and operating profit.
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ToggleKey Financial Highlights
Sales: Eicher Motors reported sales of ₹4,263 crore in Q2 2024, reflecting a 2.96% decline from ₹4,393 crore in Q1 2024. However, when compared to Q2 2023 (₹4,115 crore), sales grew by 3.6%, indicating steady annual growth.
Net Profit: The net profit for Q2 2024 stood at ₹1,100 crore, almost unchanged from Q1 2024’s ₹1,101 crore. Compared to the previous year’s Q2, which recorded a net profit of ₹1,016 crore, this marks an 8.27% increase.
Operating Profit Margin: The operating profit margin remained stable at 26% in both Q2 2024 and Q2 2023 but showed a slight decrease from 27% in Q1 2024. This slight dip indicates stable operational performance despite seasonal fluctuations.
Other Income: Other income in Q2 2024 rose to ₹468 crore, up from ₹457 crore in Q1 2024 and significantly higher than the ₹375 crore recorded in Q2 2023.
Earnings Per Share (EPS): The EPS for Q2 2024 was ₹40.15, marginally lower than ₹40.20 in Q1 2024, but higher than the ₹37.12 recorded in Q2 2023.
Operating Profit: Eicher Motors reported an operating profit of ₹1,088 crore in Q2 2024, a slight decrease from ₹1,165 crore in Q1 2024. However, it remains steady compared to Q2 2023’s operating profit of ₹1,087 crore.
Eicher Motors Q2 2024 Financial Results Comparison
Quarter | Sales (₹ Cr) | Net Profit (₹ Cr) | Operating Profit Margin | Other Income (₹ Cr) | EPS (₹) | Operating Profit (₹ Cr) |
---|---|---|---|---|---|---|
September 2024 (Q2 2024) | 4,263.00 | 1,100.00 | 26% | 468.00 | 40.15 | 1,088.00 |
June 2024 (Q1 2024) | 4,393.00 | 1,101.00 | 27% | 457.00 | 40.20 | 1,165.00 |
September 2023 (Q2 2023) | 4,115.00 | 1,016.00 | 26% | 375.00 | 37.12 | 1,087.00 |