Company Profile

Eicher Motors’ motorcycle arm -- Royal Enfield has introduced two new colour variants of its best-selling motorcycle, the Classic 350 - Metallo Silver and Orange Ember. The new variants of the Classic 350 have been conceptualized in bright new hues and also come with alloy wheels and tubeless tyres.

Additionally, the Classic 350 will now be available on the Royal Enfield Make It Yours - MiY - initiative. Customers can now customize and accessorize their motorcycles through the MIY initiative available on all channels, dealerships, website and the RE App. Introduced first on the 650 Twin motorcycles, and subsequently made available on the newly launched easy cruiser, Meteor 350, MiY is now available on the Royal Enfield Classic 350 as well. In a phased manner, MiY will be made available across all motorcycles in the Royal Enfield portfolio.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors has reported results for the second quarter ended September 30, 2020.

The company has reported a fall of 36.74% in its net profit at Rs 360.86 crore for the quarter under review as compared to net profit of Rs 570.46 crore for the same quarter in the previous year. Total income of the company decreased by 4.46% at Rs 2223.08 crore for Q2FY21 as compared Rs 2326.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 40.05% in its net profit attributable to owners at Rs 343.34 crore for the quarter under review as compared to net profit at Rs 572.69 crore for the same quarter in the previous year. Total income of the company decreased by 4.45% at Rs 2233.58 crore for Q2FY21 as compared Rs 2337.50 crore for the corresponding quarter previous year.

Eicher Motors is currently trading at Rs. 2522.50, up by 168.95 points or 7.18% from its previous closing of Rs. 2353.55 on the BSE.

The scrip opened at Rs. 2240.00 and has touched a high and low of Rs. 2565.00 and Rs. 2240.00 respectively. So far 241349 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2389.00 on 24-Aug-2020 and a 52 week low of Rs. 1246.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 2368.00 and Rs. 2113.55 respectively. The current market cap of the company is Rs. 68658.85 crore.

The promoters holding in the company stood at 49.25%, while Institutions and Non-Institutions held 38.10% and 12.50% respectively.

Eicher Motors has reported a fall of 36.74% in its net profit at Rs 360.86 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 570.46 crore for the same quarter in the previous year. Total income of the company decreased by 4.46% at Rs 2,223.08 crore for Q2FY21 as compared Rs 2,326.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 40.05% in its net profit attributable to owners at Rs 343.34 crore for the quarter ended September 30, 2020 as compared to net profit at Rs 572.69 crore for the same quarter in the previous year. Total income of the company decreased by 4.45% at Rs 2,233.58 crore for Q2FY21 as compared Rs 2,337.50 crore for the corresponding quarter previous year.

Tata Consultancy Services (TCS) has entered into agreement with Deutsche Bank AG under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank.

Prestige Estate Projects has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone. Bengaluru-based Prestige has signed term sheets on November 9, 2020 with the Blackstone group, and the deal is likely to be closed next month. The consideration will be based on the enterprise value of about Rs 9160 crore. 

Tata Steel has entered into a memorandum of understanding (MoU) with Hindustan Zinc to procure the firm's complete domestic zinc requirements. This initiative would bolster the idea of Aatmanirbhar Bharat with one of the largest companies choosing to become vocal for local. Under this MoU, Hindustan Zinc will cater to both Tata Steel and Tata Steel BSL. The MoU is for the highest quantity to be ever signed by Hindustan Zinc and accounts for a quantity of around 45,000 tonnes of zinc and other value-added metals.

Emami is betting big on rural demand and sales of its winter, health and hygiene products to maintain the double-digit growth momentum in the third quarter of the current fiscal (Q3FY20). After the Diwali festival, the company will add more products in health and hygiene and home categories that saw a spurt in demand during the COVID-19 pandemic.

Ashok Leyland expects commercial vehicle (CV) sales to pick up in the remaining months of the current fiscal year after witnessing huge decline in volumes in the first half owing to the coronavirus pandemic. The CV major, which reported a consolidated net loss of Rs 96.23 crore in the second quarter ended September, has kept its capex plans intact for the current fiscal.

Eicher Motors’ motorcycle arm -- Royal Enfield is planning to launch at least 28 new models in the next seven years, with one new bike to be introduced every quarter as it seeks to strengthen its position both in domestic and international markets. The company is also planning to set up an assembly unit in Thailand in the next 6-12 months followed by Brazil in the near future.

Ahluwalia Contracts (India) has secured new order aggregating to Rs 530.32 crore approximately for construction of Mumbai Metro Rail project of MMRDA- Mandale Depot at Mumbai. The total order inflow during the FY 2020-21 stands at Rs 1243.14 crore.