Eicher Motors Shares Tumble on Q3 Profit Miss Despite Record Sales

Eicher Motors shares fell 3.7% in pre-open trade on February 11, 2025, after the company's Q3 results missed analyst estimates. Despite reporting its highest-ever quarterly motorcycle sales of 269,039 units, up 17% year-on-year, Eicher's net profit of ₹1,170.5 crore fell short of expectations. Revenue grew 19% to ₹4,973 crore, but EBITDA margin contracted to 24.2% from 26.1% a year ago. The margin pressure was attributed to higher marketing expenses for new product launches. Despite the miss, CEO B Govindarajan remains optimistic about Royal Enfield's strengthening position in the mid-size motorcycle segment globally.

Sources: CNBC TV18, Business Standard, Moneycontrol