{"id":616832,"date":"2023-11-13T10:12:46","date_gmt":"2023-11-13T04:42:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=616832"},"modified":"2023-11-13T10:39:09","modified_gmt":"2023-11-13T05:09:09","slug":"robust-performance-at-royal-enfield-and-vecv-power-eicher-motors-record-quarterly-net-profit-of-rs-1087-crore-in-q2-fy2024","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/robust-performance-at-royal-enfield-and-vecv-power-eicher-motors-record-quarterly-net-profit-of-rs-1087-crore-in-q2-fy2024\/","title":{"rendered":"Robust performance at Royal Enfield and VECV power Eicher Motors record quarterly net profit of Rs 1,087 crore in Q2 FY2024"},"content":{"rendered":"<p>Eicher Motors (EML) has announced its financial results for Q2 FY2024 with a record revenue of Rs 4,115 crore, up 17% as compared to Rs 3,519 crore a year ago; EBITDA at Rs 1,087 crore, up 32% and highest ever net profit of Rs 1,016 crore, a robust growth of 55% YoY. <\/p>\n<p>In addition to benefitting from softening raw material prices, the company\u2019s two-wheeler business Royal Enfield sold 229,496 motorcycles, up 13% YoY. On the other hand, Volvo Eicher Commercial Vehicles (VECV) with sales of 19,551 units exceeded its previous best sales of 18,696 units in Q2 FY2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eicher Motors (EML) has announced its financial results for Q2 FY2024 with a record revenue of Rs 4,115 crore, up 17% as compared to Rs 3,519 crore a year ago; EBITDA at Rs 1,087 crore, up 32% and highest ever net profit of Rs 1,016 crore, a robust growth of 55% YoY. In addition to benefitting from softening raw material prices, the company\u2019s two-wheeler business Royal Enfield sold 229,496 motorcycles, up 13% YoY. On the other hand, Volvo Eicher Commercial Vehicles (VECV) with sales of 19,551 units exceeded its previous best sales of 18,696 units in Q2 FY2019.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-616832","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/616832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=616832"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/616832\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=616832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=616832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=616832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}