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The company’s revenue rose 19% on-year to ₹4,973 crore, compared to ₹4,179 crore in Q3FY24. This was also below the ₹5,042 crore expected in CNBC-TV18’s poll, indicating a slight miss in top-line performance.
On the operational front, EBITDA increased 10.2% to ₹1,201 crore, compared to ₹1,090 crore last year.
However, the company’s EBITDA margin declined to 24.2% from 26.1% in the year-ago period, also trailing analyst expectations of 25.6%.Also read: Power Mech Projects Q3 Results: Strong profit, revenue growth but margin dips
Eicher Motors, the parent company of Royal Enfield, continues to see robust demand for its premium motorcycles, both in domestic and international markets.
Ahead of the earinings announcement, shares of Eicher Motors closed at ₹5,310.70 on the BSE.
