Eicher Motors Q2 Net Profit Rises 15% but Misses Estimates
Second-quarter consolidated net profit rose 15% year on year to 1,573 crore, below analysts’ estimates. Rising raw-material costs offset gains from strong motorcycle sales.
Our Bureau New Delhi: Eicher Motors on Friday reported a 15% year-on-year increase in second-quarter consolidated net profit as costs from rising raw materials offset gains from strong motorcycle sales. September-quarter consolidated net profit stood at 1,573 crore, below analysts' estimates. Analy…