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EICHERMOT Diversified 03 Aug 2023

Eicher Motors Limited — Q1 FY24

Eicher Motors delivered a stellar Q1 FY24, with consolidated revenue of ₹3,986 crore (+17% YoY), EBITDA of ₹1,021 crore (+23% YoY), and PAT of ₹918 crore (+50% YoY).

bullish high
Compare with...
Revenue ₹3,986 Cr +17%
EBITDA ₹1,021 Cr +23%
PAT ₹918 Cr +50%
EBITDA Margin 25.6% +110bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Export market weakness

International markets remain under pressure due to macroeconomic headwinds, with VECV exports down 58% YoY and Royal Enfield exports also weak.

high · management_commentary
R

Competitive intensity in mid-size segment

New credible competitors are entering the mid-size motorcycle segment, which could pressure Royal Enfield's dominant market share.

medium · analyst_question
R

Dependence on Hunter 350 for volume growth

While Hunter 350 has been a strong driver, its high mix may weigh on margins and brand positioning if not managed carefully.

medium · data_observation