Eicher Motors Shares Spike Amid Record Profit Report

Eicher Motors' shares saw an impressive rise of over 8% following the announcement of its 8% year-on-year increase in consolidated profit after tax for the September 2024 quarter. The company reported record revenue and robust sales, sustaining momentum across its Royal Enfield and VECV divisions.

Shares of Eicher Motors surged significantly on Thursday, climbing over 8% as the company revealed a notable 8% year-on-year growth in its consolidated profit after tax for the September 2024 quarter.

At the Bombay Stock Exchange, Eicher Motors' stock rose to Rs 4,972.50, and achieved a similar increase to Rs 4,973 at the National Stock Exchange.

The automaker attributed this profit boost to robust sales across its business segments, led by its Royal Enfield division, despite a slight decline in motorcycle sales numbers compared to the previous fiscal year.

(With inputs from agencies.)