13-02-2024 02:52 PM | Source: Reuters
India`s Eicher Motors beats Q3 profit estimates
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Indian automaker Eicher Motors reported a better-than-expected third-quarter profit on Tuesday, on the back of steady demand for its premium Royal Enfield motorcycles and higher commercial vehicle sales.
The company's profit rose 34.4% to 9.96 billion rupees ($120 million) in the three months to Dec. 31, beating analyst estimates of 9.89 billion rupees, as per LSEG data.
($1 = 83.0091 Indian rupees)
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