Eicher Motors Q4: Profit increased by 27%, better than expected, declared dividend of Rs 70

News Topical, Digital Desk : Eicher Motors, an auto sector company included in BSE 100, has presented its March quarter results. The company's profit has increased by more than 27 percent compared to last year. At the same time, the company's income has increased by more than 23 percent on a year-on-year basis. However, EBITDA and EBITDA margin have fallen compared to last year. Both the company's profit and income have been better than the estimates found in CNBC TV 18's poll.

Along with the results, the company has announced a final dividend of Rs 70 per share for its investors. The results came after the market closed. In Wednesday's trading, the stock closed at 5451 with a gain of 0.56 percent.

How were the quarterly results? According to the information given by the company, the profit has increased by 27.2 percent compared to last year and has increased from Rs 1071 crore to Rs 1362 crore. The profit figure has been 13.7 percent higher than the market estimate. In the CNBC TV 18 poll, a profit of Rs 1197 crore was estimated. At the same time, the company's income has increased from Rs 4256 crore to Rs 5241 crore compared to last year, there has been a growth of 23.1 percent on a year-on-year basis. In the CNBC TV 18 poll, an income of Rs 5021 crore was estimated. That is, the results have been 4.3 percent more than the estimate. EBITDA has declined by 11.4 percent to Rs 1258 crore compared to last year. This figure is 2.1 percent less than the estimate of Rs 1285 crore. Margin performance has also been similar. Margins have decreased compared to last year and have come down from 26.5 percent to 24 percent. The market had estimated a margin of 25.6 percent. 

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