Eicher Motors Achieves Record Sales and Strong Financial Metrics in November 2023
Eicher Motors has recently experienced a score adjustment, reflecting its strong financial performance and market standing. In Q3 FY24-25, the company achieved record net sales of Rs 4,973.12 crore and a PBDIT of Rs 1,201.19 crore, alongside a solid return on equity and effective management of receivables.
Eicher Motors, a prominent player in the automobile two and three-wheelers sector, has recently undergone an adjustment in evaluation. This revision reflects the company's strong financial metrics and market position. In the latest quarter, Q3 FY24-25, Eicher Motors reported notable achievements, including a record net sales figure of Rs 4,973.12 crore and a PBDIT of Rs 1,201.19 crore, both marking the highest levels for the company.The company's management efficiency is underscored by a robust return on equity (ROE) of 17.52%, complemented by a low debt-to-equity ratio, indicating a solid financial foundation. Additionally, Eicher Motors boasts a high debtors turnover ratio of 53.58 times, showcasing effective management of receivables.
Institutional holdings stand at 41.62%, reflecting confidence from larger investors who typically possess greater analytical resources. Eicher Motors has consistently outperformed the BSE 500 over various time frames, demonstrating its competitive edge in the market. With a market capitalization of Rs 1,32,961 crore, it ranks as the second-largest company in its sector, contributing significantly to industry sales.
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