Eicher Motors shares jump nearly 7 pc post earnings announcement

     New Delhi, Nov 14 (PTI) Shares of Eicher Motors on Thursday ended nearly 7 per cent higher after the firm said its consolidated profit after tax increased 8 per cent in the September 2024 quarter.
     The stock jumped 6.46 per cent to settle at Rs 4,885.55 apiece on the BSE. During the day, it soared 8.35 per cent to Rs 4,972.50.
     On the NSE, it surged 6.58 per cent to Rs 4,890.95 per share.
     The company's market valuation zoomed Rs 8,124.53 crore to Rs 1,33,893.73 crore.
     Eicher Motors on Wednesday said its consolidated profit after tax increased 8 per cent on-year to Rs 1,100 crore in the September 2024 quarter on the back of robust sales across business segments.
     The automaker reported a Profit After Tax (PAT) of Rs 1,016 crore in the July-September quarter of last fiscal.
     The company said it reported the best-ever second quarter revenue from operations at Rs 4,263 crore compared to Rs 4,115 crore a year ago.
     During the second quarter, Royal Enfield recorded sales of 2,25,317 motorcycles against 2,29,496 vehicles sold during the same period in FY24.
     Royal Enfield is a division of Eicher Motors.
     "During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV," Eicher Motors Managing Director Siddhartha Lal said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)