Largecap Motor Company - Maker Of Royal Enfield's Net Profit Up 157% YoY, Stock Price Soars

The share price of Eicher Motors Ltd. is soaring today after publishing promising quarterly results. Eicher Motors yesterday reported a 157.52% YoY increase in consolidated net profit at Rs. 610.66 crore in Q1FY23 compared with Rs. 237.13 crore in Q1FY22. In Q1FY23, the consolidated revenue from operation increased 71.18% YoY to Rs. 3,325.80 crore from Rs. 1,942.84 crore in Q1FY22. Additionally, its revenue up by 6.4% QoQ, from Rs. 3,193 crore in Q4FY22. Eicher Motors' YoY growth mas largely been driven by its export segment. Volume growth of Royal Enfield and a higher average realisation following the price hike in the month of May has helped its growth, according to the company.

NSE performance

The current market price of Eicher Motors stood at Rs. 3,209/share on NSE, up by 1.73%, till last traded. In the last 5 days, the share price of this company has surged by 2.15% on NSE, and in the last 1 month, its share price has surged by 5.32%. In the past 6 months, it has surged 23.51%, and in 1 year its share price has surged by 18.05%

The 52-week high level of this stock is Rs. 3,265.95, and the 52-week low level of this stock is Rs. 2,159.55.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 87,389 crore	Rs. 3,209	2.15%	5.32%

About the company:

"Eicher Motors Limited is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. The world's oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901. Focussed on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India, and over 60 countries around the world with modern development facilities in Leicestershire, UK and Chennai, India. Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles Limited (VECV) - has pioneered modernisation of commercial vehicles in India and other developing countries." the company informs.

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