- Eicher’s net income for the 3rd quarter is reported at 11.7 billion rupees, showing an increase of 17% year-on-year, but falling short of the expected 11.98 billion rupees.
- Revenue amounts to 49.7 billion rupees, a 19% increase from the previous year, though below the estimated 50.75 billion rupees.
- Other income rises to 2.88 billion rupees, marking a 13% increase from the previous year.
- Total costs reach 39.6 billion rupees, indicating a 22% rise compared to last year.
- Employee benefits expenses stand at 3.42 billion rupees, up by 11% year-on-year, slightly less than the estimated 3.6 billion rupees.
- Raw material costs have surged to 25.4 billion rupees, a 24% increase from the prior year.
- Market analysts’ recommendations include 20 buys, 13 holds, and 8 sells 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
Eicher Motors is expected to have a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is positioned for future success. Its strong growth potential, resilience in challenging market conditions, and positive momentum indicate a promising trajectory for Eicher Motors. Additionally, the company’s above-average scores in Dividend reflect its commitment to rewarding shareholders, further enhancing its investment attractiveness.
Eicher Motors Ltd., a company that manufactures light commercial vehicles, two-wheelers, and automotive gears, seems to be on a path towards sustained growth and stability. The combination of solid scores in key factors suggests that Eicher Motors is well-positioned to capitalize on market opportunities and navigate uncertainties effectively. Investors may find the company’s overall outlook encouraging, given its strengths in various critical areas of performance.
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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