14 Nov 2024

Eicher Motors Shares Surge on 8% Rise in Q2 Consolidated Profit

Eicher Motors shares are trading at Rs. 4919.45, marking a 7.20% increase, up by 330.35 points from the previous close of Rs. 4589.10 on the BSE.

The stock opened at Rs. 4697.55 and reached an intraday high of Rs. 4937.40 and a low of Rs. 4697.55. So far, 34,771 shares have been traded.

The BSE 'A' category stock, with a face value of Rs. 1, recorded a 52-week high of Rs. 5104.50 on September 27, 2024, and a 52-week low of Rs. 3564.00 on January 24, 2024. Over the past week, its high and low stood at Rs. 4937.40 and Rs. 4538.00, respectively. The company’s market capitalization is now Rs. 134,790.93 crore.

In terms of ownership, promoters hold a 49.10% stake, while institutions and non-institutional investors hold 41.38% and 9.52%, respectively.

For the quarter ending September 30, 2024, Eicher Motors reported a 7.61% increase in standalone net profit, reaching Rs. 1009.88 crore compared to Rs. 938.50 crore in the same quarter of the previous year. The total income rose by 7.99% to Rs. 4542.93 crore in Q2FY25, compared to Rs. 4206.67 crore in Q2FY24.

On a consolidated level, net profit rose by 8.27% to Rs. 1100.33 crore in Q2FY25, up from Rs. 1016.25 crore in the same quarter last year. The total income for Q2FY25 grew by 5.21% to Rs. 4616.85 crore, compared to Rs. 4388.31 crore in the prior year’s quarter.