Eicher Motors posts 15% Q2 profit rise on record Royal Enfield sales
In short
Eicher Motors reported a 15% rise in second-quarter profit. Royal Enfield also posted record quarterly sales of 3.77 lakh motorcycles, and the company plans to increase production because demand is strong.
The record Royal Enfield numbers are the main reason behind the upbeat update.
What the reporting says
Eicher Motors reported a 15% rise in second-quarter profit as Royal Enfield posted record quarterly sales of 3.77 lakh motorcycles, according to the source summary. The company also plans to ramp up production amid demand.
Why it matters
Eicher Motors posted a 15% rise in Q2 profit, while Royal Enfield reported record quarterly sales of 3.77 lakh motorcycles. The company plans to ramp up production amid demand, indicating that strong sales are feeding the earnings improvement.