Edelweiss estimates Eicher Motors' revenues to grow 31 percent year-on-year. "Revenue growth is expected to be driven by a sharp 87 percent YoY volume growth in Royal Enfield and 4 percent volume growth in commercial vehicles," it says.
Eicher Motors will be announcing its second quarter results for calendar year 2014 on Monday. The company has been delivering very strong earnings due to spectacular performance of Royal Enfield division. That trend is likely to continue this quarter as well.
Edelweiss estimates profit after tax to jump 2-fold to Rs 184 crore and revenues to grow 31 percent year-on-year to Rs 2,186 crore during the quarter. "Revenue growth is expected to be driven by a sharp 87 percent YoY volume growth in Royal Enfield and 4 percent volume growth in commercial vehicles," it says.
The company follows January-December (calendar) as its financial year.
Consolidated operating profit margin is expected to expand 60 basis points quarter-on-quarter and 220 basis points year-on-year to 12.1 percent on the back of better operating leverage and benign commodity costs, says Edelweiss.
Analysts expect motorcycle volumes to double in the next three years. Antique expects 0.5 million motorcycles sales in CY16 versus 178000 in CY13.
In Q2CY14, Royal Enfield volumes jumped 87 percent year-on-year to 73,494 units and commercial vehicles volumes rose 4 percent to 11,308 units during the same period.
Anda sedang membaca artikel tentang
Eicher Motors' Q2 profit may double to Rs 184 cr: Edelweiss
Dengan url
http://remajantigalau.blogspot.com/2014/08/eicher-motors-q2-profit-may-double-to.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Eicher Motors' Q2 profit may double to Rs 184 cr: Edelweiss
namun jangan lupa untuk meletakkan link
Eicher Motors' Q2 profit may double to Rs 184 cr: Edelweiss
sebagai sumbernya
0 komentar:
Posting Komentar