Eicher Motors shares jump 4% as Q2 results beat estimates on all fronts

Profit After Tax came in at Rs 373 crore as against a profit of Rs 343 crore during the same period last year. CNBC-TV18 Poll had predicted a net profit of Rs 300 crore for the reporting quarter.

An encouraging management commentary also aided gains in the stock today.

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"Our consistent growth in volumes and global retail presence is testament to the company being on track to realise its vision of becoming the first premium global consumer brand from India. We strengthened our product portfolio with the launch of the all new Classic 350,” said Siddhartha Lal, Managing Director of Eicher Motors.

“Overall, with the market picking up over the festive season, consumer sentiment significantly improving over the year, we see that demand continues to be strong and outstripping supply. With the semiconductor and supply chain issue expected to ease off over the next quarter, we are optimistic and poised for growth,” Lal added.

Further, B. Govindarajan, Executive Director, Royal Enfield said, “Moving forward, we foresee the supply chain situation improving gradually and expect the availability of parts to increase beginning Q3-FY22 which will enable us to further ramp up production”.