Eicher Motors has released its quarterly results. The company's profit has increased by 8 percent compared to last year. At the same time, income has seen an increase of about 4 percent. There has been a slight improvement in EBITDA compared to last year, while the margin has seen a decline on a year-on-year basis. The company's results have been below market estimates. The results came after the market closed on Wednesday. In today's trading, the stock closed at 4589 with a decline of more than 3 percent.

How were the quarterly results?

According to the information given by the company, its second quarter profit has been Rs 1100 crore with an increase of 8.3 percent compared to last year. In the same quarter last year, a profit of Rs 1115 crore was estimated. At the same time, the company's income has increased from Rs 4115 crore to Rs 4263 crore. That is, it has seen a growth of 3.6 percent on a year-on-year basis. The market had estimated an income of Rs 4452 crore. That is, even after the increase in income compared to last year, it has remained below the estimates. EBITDA has increased from Rs 1087 crore to Rs 1087.7 ​​crore with a slight increase compared to last year.an EBITDA of Rs 1185 crore was estimated. Margins have been at 25.5 percent, which was 26.4 percent a year ago. The market was expected to reach 27% with an increase in margin, however, it has seen a decline.