Eicher Motors Q1Fy23 Preview: PAT Expected To Grow By 152% YoY

Eicher Motors board meet is scheduled for August 10, 2022 for quarterly results. The commercial vehicles company is expected to log robust improvement in its results on a YoY basis. Consolidated PAT for the Q1 period of Fy23 is expected to increase by 152%. On a sequential basis, the PAT is likely to register a growth of 9%.

As per the average of forecasts made by six brokerages polled by Moneycontrol, the company is likely to post a consolidated PAT of Rs. 598 crore while consolidated revenue is seen at Rs. 3,315 crore during the quarter. Sequentially, revenue is expected to grow by a mid-single digit percentage, while on a YoY basis, the jump in revenue is expected by 68%.

The remarkable performance on a YoY basis is expected owing to higher exports, increased average realisation given the price hike implemented by Eicher in May and volumes gain logged at Royal Enfield. Furthermore, easing of metal prices has been favourable for the company's margins.

"We expect revenues to increase by 4 percent QoQ in Q1FY23 led by 1 percent QoQ increase in ASPs (average selling price) due to price hikes taken in May 2022 and 1 percent QoQ increase in volumes," said a Kotak Institutional Equities report.

Last, the company closed the session on Monday at a price of Rs. 3116.75 apiece on the NSE.

GoodReturns.in