Profit Beats Estimates As Margin Expands

Eicher Motors Ltd.’s profit rose in the second quarter of fiscal 2024 due to higher sales of two-wheelers and commercial vehicles. The Royal Enfield maker’s consolidated net profit rose 55% to Rs 1,016 crore in the quarter ended September, according to an exchange filing on Friday. That compares with the Rs 908 crore consensus estimate of analysts tracked by Bloomberg.

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