Royal Enfield reports 3% rise in revenue for third quarter

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Royal Enfield’s parent company Eicher Motors Limited, announced its result for the third quarter of the current fiscal year. The company has reported a 3% rise in the revenue from the sales operation of  Royal Enfield taking its revenue to Rs 2,341 Crore from Rs 2,269 Crore of the same quarter, in the previous fiscal.

But the number of Enfield’s sold witnessed a 6% decline in numbers. It sold 1,93,871 in the current quarter, compared to 2,02,736  motorbikes in the same quarter of previous fiscal.

The Earnings before Interests, Taxes, Depreciation and Amortization (EBTIDA), were also 6% down to Rs 680 crore from RS 707 Crore compared to third quarter of previous fiscal. A marginal 2% rise was seen in the Profit after taxes(PAT) taking it to Rs 533 Crore for the said fiscal.

Commenting on Royal Enfield’s performance, Siddhartha Lal, MD and CEO Eicher Motors Ltd, said, “The latter half of 2018 was a challenging period for the two-wheeler industry in India. Factors like increased insurance requirements, rising raw material costs and the subsequent price increase due to regulatory safety requirements impacted the momentum of the industry. Royal Enfield’s market share recorded improvement on a sequential basis, while volumes in the quarter were impacted. We believe this is a temporary impact due to a price reset. We continue to remain optimistic about the trend of premiumisation in the motorcycling industry, and are confident that this trend will continue in the future.”

In the third quarter, Enfield launched 3 motorbikes viz. the new 650 Twin motorcycle, Continental GT 650 and the Interceptor 650. The retail sales have already been started India, while deliveries in the foreign market will kick-start soon.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Modi holds bilateral with Qatar Emir, meets other leaders

New York, Sep 23 (IANS) India and Qatar reviewed the full range of their ties during a bilateral meeting...

Temples, schools to be re-opened in Kashmir: Minister

Bengaluru, Sep 23 (IANS) Hundreds of temples and schools that remained shut down in the Kashmir Valley over the years would be re-opened for...

PKL 7: Bengaluru, Delhi play out enthralling draw

Jaipur, Sep 23 (IANS) Bengaluru Bulls and Dabang Delhi drew 39-39 in a closely fought Pro Kabaddi League Season 7 contest at the Sawai...

At some point, India may agree to Kashmir mediation: Trump (2nd Lead)

By Arul LouisNew York, Sep 24 (IANS) US President Donald Trump said on Monday that "India may come" around to his mediating on Kashmir,...

Kashmir mediation offer stands, but if both agree: Trump (Lead)

By Arul LouisNew York, Sep 23 (IANS) US President Donald Trump said on Monday he is willing to mediate on Kashmir, but only if...
- Advertisement -

More Articles Like This