Eicher Motors Stock Rises 4% After Strong Q1 Earnings
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BTCCSquare news:
Eicher Motors shares surged nearly 4% to lead Nifty 50 gainers after reporting a 9.4% year-on-year increase in consolidated net profit for Q1 FY26. The automaker posted ₹1,205 crore in net profit, up from ₹1,101 crore a year earlier, driven by a 14.7% revenue jump to ₹5,042 crore.
Royal Enfield sales climbed 15% to 261,326 motorcycles, while VE Commercial Vehicles saw a 10% volume increase. EBITDA ROSE 32.6% to ₹511 crore. Management highlighted the Hunter 350's strong performance and international expansion in SAARC markets as key growth drivers.
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