Eicher Motors Q4 Results: A Stellar Performance with a Generous Dividend

By -


Eicher Motors, the maker of Royal Enfield motorcycles and Volvo Eicher commercial vehicles, has announced its Q4 results for FY23 and they are impressive. The company has reported a 48% jump in its consolidated net profit at Rs 905 crore for the quarter, compared with Rs 610 crore in the same quarter last year. The company has also declared a final dividend of Rs 37 per equity share of face value of Re 1 for FY23, which is a whopping 3700% dividend payout ratio. The dividend will be paid within 30 days from the date of shareholders’ approval.

Revenue and Sales

The company's revenue for the quarter was Rs 3,804 crore, up 19% year-on-year (YoY), driven by strong sales of both Royal Enfield and Volvo Eicher. Royal Enfield recorded sales of 214,685 motorcycles in Q4, up 17.9% from 182,125 motorcycles sold in the same period in FY22. The company also achieved a milestone of crossing 1 lakh export shipments for the first time in FY23, reflecting its growing global presence and demand. Volvo Eicher sold 18,167 trucks and buses in Q4, up 28.6% from 14,114 units sold in the same period in FY22. The company also launched new products and services in both segments to cater to the changing customer needs and preferences.

Profitability and Capex

The company's EBITDA for the quarter was Rs 933.4 crore, up 36% YoY, with a margin of 24.5%. The company attributed its improved profitability to operational efficiency, cost optimization and better product mix. The company also invested Rs 550 crore in capex in FY23, mainly for capacity expansion, new product development and network expansion.

Outlook and Share Price

The company's management expressed confidence in its future growth prospects and said that it is well-positioned to leverage the opportunities in the post-pandemic recovery phase. The company said that it will continue to focus on innovation, customer satisfaction and value creation for all stakeholders.

The company's share price closed at Rs 2,742.15 on May 11, 2023, up 1.8% from the previous close. The company has a market capitalization of Rs 74,642 crore and a price-to-earnings ratio of 41.7 as of May 11, 2023.
```

Comments

Post a Comment

Popular posts from this blog

Deccan Gold Mines Up 150% in a Year, Makes Major Lithium Move in Mozambique

By -
Image
The country's only listed gold exploration and mining company Deccan Gold Mines Limited (DGML) acquired majority stake in 5 lithium blocks in Mozambique, Africa  Deccan Gold Mines Limited (DGML), India's sole listed gold exploration and mining company, has recently made a significant move that has caught the attention of investors worldwide. The company has acquired a majority stake in five lithium blocks in Mozambique, Africa, positioning itself within the globally recognized Alto Ligonha pegmatite belt, known for its abundant reserves of lithium-cesium-tantalum (LCT) pegmatites. {jistoc} $title={Table of Contents} A Strategic Acquisition This acquisition is crucial for the mining of lithium, tantalum, and beryllium. The critical mineral concession block has been procured through Deccan Gold FZCO, a wholly-owned subsidiary of DGML. DGFZCO will hold a majority ownership stake of 51% in DGMOZ, with the potential for this ownership to increase to 70% in the near...
Read more

Small Cap Gem: Sakuma Exports Doubles in 2024, Bonus Share Proposal on July 1st?

By -
Image
Sakuma Exports: A Smallcap Stock with Big Returns in 2024 In the world of stock trading, smallcap stocks often go unnoticed. However, one such stock has been making waves in the Indian stock market - Sakuma Exports Ltd. This company, engaged in the buying, processing, marketing, exporting, and importing of agricultural products, has seen its share price double in the calendar year 2024. {jistoc} $title={Table of Contents} A Stellar Performance As of Thursday, June 20, the Sakuma Exports stock price has recorded a nearly 100% year-to-date gain , hitting the day’s high of ₹37.86 apiece on the NSE. This impressive performance is not a sudden phenomenon but the result of a strong run over the past couple of months. The company's shares have been on a steady upward trajectory, reflecting the positive sentiment among investors. The surge in the stock price is a testament to the company's robust business model and its ability to deliver consistent growth. Bonus Issue ...
Read more

Simple Investing: It's Not Rocket Science (But It Takes More Than Luck)

By -
Image
Successful Investing: Simple, But Not Easy Disclaimer:  This blog post is for informational purposes only and should not be taken as financial advice. Always do your own research and consider seeking advice from a certified financial advisor before making any investment decisions. {jistoc} $title={Table of Contents} The Myth of Easy Wealth The bull market of the 1990s created a myth that the stock market was essentially a high-return savings account. This belief was fueled by the ease of access to financial information and the ability to trade stocks online. However, as many investors discovered when the bubble burst, if something looks too good to be true, it usually is. Investing requires more than just opening an online account and watching financial news. It requires a deep understanding of the market, the ability to analyze and interpret financial data, and the discipline to stick to your investment strategy even when the market is volatile. It also requires...
Read more