Eicher Motors Q2 profit, EBITDA may

see 57% growth: Poll

Revenue is likely to increase by 29.2 percent to Rs 2,901 crore in the quarter ended
June compared to Rs 2,245.4 crore in the corresponding quarter of last fiscal. Operating
profit may surge 57.5 percent year-on-year to Rs 448 crore and margin may expand
275 basis points to 15.45 percent in the quarter gone by.
Eicher Motors , the Royal Enfield maker, is expected to report strong numbers again.
Consolidated profit in second quarter is seen rising a whopping 57 percent year-on-year
to Rs 247.5 crore on account of strong sales growth and operational performance,
according to a CNBC-TV18 poll. Consolidated revenue is likely to increase by 29.2
percent to Rs 2,901 crore in the quarter ended June compared to Rs 2,245.4 crore in
the corresponding quarter of last fiscal. Operating profit may surge 57.5 percent yearon-year to Rs 448 crore and margin may expand 275 basis points to 15.45 percent in
the quarter gone by. The company follows January-December as its financial year.
Standalone (Royal Enfield business) profit is seen rising 51 percent year-on-year to Rs
201.4 crore and revenue may increase 46.8 percent to Rs 1,096 crore during April-June
quarter. Operating profit is likely to spike 60.6 percent to Rs 299 crore and margin may
jump 240 basis points to 27.3 percent during the same period. Royal Enfield volume
growth continued to be very healthy during the quarter and commercial vehicle business
also saw steady improvement. Eicher Motors sold 1.06 lakh units of Royal Enfield in Q2,
a growth of 44 percent over 74,131 units sold in the year-ago period. Over past few
months, customer base has rapidly been expanded to younger buyers and commuter
segment.

Foreign investors can buy up to

49% in Eicher Motors
The purchases can be made through primary market and stock exchanges

The RBI today allowed foreign investors to invest up to 49 per cent of the paid-up capital in
Eicher Motors.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can
now invest up to 49 per cent of the paid-up capital of Eicher Motors under the Portfolio
Investment Scheme (PIS), RBI said in a statement.
"...The company has passed resolutions at its Board and a special resolution by the
shareholders, agreeing for enhancing the limit for the purchase of its equity shares and
convertible debentures by FIIs/RFPIs," it said.
The purchases can be made through primary market and stock exchanges, it added.
As per data available on BSE, FIIs held 19.47 per cent shares on the company as of quarter
ended December 2014.
Shares of Eicher Motors today closed 1.51 per cent lower at Rs 15,811 apiece on BSE.

Eicher Motors sells 30,240 units in

February
Two-wheeler maker Eicher Motors Ltd Sunday said it closed last month selling
30,240 units, logging a growth of 49 percent over the corresponding period
last year.
In a statement, the company said it closed last month selling 30,240 units
(domestic 29,491 units, exports 749 units) up from 20,343 units (domestic
19,840 units, exports 503 units) logged during February 2014.
The company making Royal Enfield bikes said it is targeting to roll out
450,000 this calendar year.
It also said it would build two new technology centres with a view to become
the leader in the global mid-sized motorcycling.
"The larger one will be at a new 4.5 acre property on Old Mahabalipuram
Road in Chennai, and will be operational by Q2 2016; a smaller satellite
center is being set up in Leicestershire, Britain, and will be operational by the
end of 2015," the statement said.
These technology centres will significantly enhance capability to execute
Royal Enfield's long term product strategy.
According to Eicher Motors, it would be investing Rs.500 crore in 2015 in all
strategic areas-capacity expansion, product development, frontline and
backend-for growing its two wheeler business.