Eicher Motors ready to announce its Q3 results today; here's what to expect

NEW DELHI: Eicher Motor Ltd., an Indian manufacturer of motorcycles and commercial vehicles, is all set to announce its third-quarter results today i.e. Thursday, February 06.

According to market experts, the company is expected to post single-digit profit growth strongly affected by lower volumes due to slowdown in the auto industry. The company, which sells motorcycles under the

Royal Enfield

brand, sold 5,544 units in January 2020 as compared to 5,906 units in January 2019.

The company reported a 4.36 per cent increase in its consolidated net profit at Rs 572.69 crore for the second quarter ended September 2019. While declaring the second-quarter results,

Eicher Motors Ltd

Managing Director Siddhartha Lal said, "Through the last few quarters, we have continued to invest for the long term by pursuing greater innovation, improving efficiencies, and making investments in different areas."

Today i.e. Thursday, February 06, shares of the

Eicher Motors

were trading in NSE at Rs 19629.85 around 11:07 am.

In the last three months, the company's share price has gone down in both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Here are the graphs for reference:

NSE Performance:

BSE Performance:

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