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Abstract:CompaniesEicher Motors Ltd Follow BENGALURU, Aug 3 (Reuters) - Indias Eicher Motors (EICH.NS) repo
BENGALURU, Aug 3 (Reuters) - Indias Eicher Motors (EICH.NS) reported a better-than-expected 50.4% jump in first-quarter profit on Thursday, aided by strong motorcycle sales amid a burgeoning demand for two-wheelers.
The Royal Enfield motorcycle makers consolidated net profit rose to 9.18 billion rupees ($111 million) in the quarter ended June 30, from 6.11 billion rupees a year earlier.
Analysts, on average, had expected a profit of 8.50 billion rupees, according to Refinitiv data.
($1 = 82.7090 Indian rupees)
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