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You are here : IndiaNotes >> Research & Analysis >> Companies >> Eicher Motors Ltd. >> Research

Eicher Motors Q2FY18: Continues to ride high;  Accumulate

Prabhudas Lilladher | 16 Nov, 2017  | Follow Author | Add to my Favourites 
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Eicher Motors’ (EIM) Q2FY18 performance marginally missed our estimates, wherein revenue growth was at 23.5% YoY to Rs21.7bn (PLe: Rs22.1bn), and the EBITDA margin came in at 31.5% (PLe: 31.9%). With higher share of profit from its joint venture, consolidated net profit for the company grew ~25% YoY to Rs5.18bn (marginally below PLe). Eicher’s standalone performance was decent with net profit growth of ~23% YoY to Rs4.9bn.


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About Prabhudas Lilladher

Prabhudas Lilladher has a nationwide distribution network, consisting of branches, franchisees and associates, providing a comprehensive gamut of financial services in the Institutional and Retail domain. Their services includes Equity, derivatives; margin funding, mutual funds, PMS, IPOs and online trading.

 

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