- Net income for Eicher in the second quarter is 13.69 billion rupees, which represents a 24% increase year-over-year but falls short of the estimated 14.22 billion rupees.
- Revenue reached 61.7 billion rupees, surpassing the estimate of 60.82 billion rupees with a significant rise of 45% year-over-year.
- Other income slightly decreased by 0.8% year-over-year to 3.51 billion rupees.
- Total costs for the quarter stood at 48.8 billion rupees, marking a 45% increase compared to the previous year.
- Employee benefits expenses grew by 21% year-over-year to 4.18 billion rupees, exceeding the estimated 3.78 billion rupees.
- Raw material costs increased by 42% year-over-year, amounting to 33.8 billion rupees.
- Analyst recommendations include 18 buy ratings, 15 hold ratings, and 7 sell ratings for Eicher.
A look at Eicher Motors Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Eicher Motors shows a promising long-term outlook. With solid scores in Dividend, Growth, Resilience, and Momentum, the company appears well-positioned for future success. A strong dividend score indicates good returns for investors, while high scores in Growth and Resilience reflect a healthy business strategy and ability to withstand market challenges. Additionally, the Momentum score suggests that Eicher Motors is gaining traction and moving in a positive direction. Overall, the combination of these scores bodes well for Eicher Motors‘ sustainability and growth in the long run.
Eicher Motors Ltd., a company known for manufacturing light commercial vehicles, two-wheelers, and automotive gears, is set on a path toward continued success with its favorable Smartkarma Smart Scores. The company’s emphasis on dividends, growth, resilience, and momentum positions it as a robust player in the market. Eicher Motors‘ dedication to providing quality products domestically and internationally underscores its commitment to innovation and expansion. With positive scores across key factors, Eicher Motors is poised to thrive in the evolving automotive industry and deliver value to its stakeholders for years to come.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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