- Eicher’s net income for the second quarter was 11 billion rupees, which is a 7.8% increase compared to the same period last year, and it exceeded the analyst estimate of 10.86 billion rupees.
- The company’s revenue reached 42.6 billion rupees, marking a 3.6% year-over-year increase, although it did not meet the expected revenue of 44.14 billion rupees.
- Other income for Eicher rose sharply by 29% year-over-year to 3.54 billion rupees.
- Total costs incurred by Eicher increased by 6% year-over-year, amounting to 33.7 billion rupees.
- Expenses for employee benefits climbed by 13% year-over-year to 3.46 billion rupees, surpassing the estimated 3.31 billion rupees.
- Raw material costs experienced a 4.4% year-over-year rise to 23.8 billion rupees.
- Despite strong earnings, shares of Eicher fell by 3.2% to 4,589 rupees, with 656,931 shares traded.
- Market sentiment for Eicher remains divided with 16 ‘buy’ recommendations, 13 ‘holds,’ and 12 ‘sells’ from analysts.
A look at Eicher Motors Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Eicher Motors Ltd., a company that manufactures light commercial vehicles along with two-wheelers and automotive gears, is showing a promising long-term outlook based on its Smartkarma Smart Scores. With a strong focus on growth, resilience, and dividends, Eicher Motors is positioned well for sustainable success in the market. Its high scores in Dividend, Growth, and Resilience categories indicate a company that not only provides steady returns to its investors but also shows robust growth potential and financial stability. Although its Value score is moderate, the overall outlook remains positive, supported by a decent Momentum score.
Investors eyeing Eicher Motors can find reassurance in its solid performance across key factors, suggesting a company with a sound financial standing and growth prospects. The combination of strong dividends, growth trajectory, and resilience to market fluctuations positions Eicher Motors as a favorable investment option for long-term gains. With its diversified product portfolio catering to both domestic and international markets, Eicher Motors seems well-equipped to navigate future challenges and capitalize on emerging opportunities, making it a stock worth considering for investors looking for stability and growth in the automotive sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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