Eicher motors released its 4th quarter results for the year end 2016 which were very impressive. The net revenues had grown by 45% compare to last year quarter, EBIDTA stand at Rs 507 crore compare to Rs 303 crore last year quarter. Net profits had grown by 72% compare to last year quarter.

Eicher motor is changing its financial reporting period from 1st Jan – 31st Dec to 1st April – 31st March and this financial year they will have one extra quarter. Looking at the last 12 months of Eicher Motors, the Net revenues had grown by 36% and EBIDTA stands at Rs 1,800 crore compare to last year Rs1,106 crore and Net profits grown by 52%.

Eicher Motors is one of our holdings and we are confident that Royal Enfield and its Buses and trucks business will do better in the future year.

Aziz Dodhiya is the chief investment officer for the Valueoperations funds which operates in the Indian market as an FPI (Foreign Portfolio Investor). We do not offer any personal advice to buy or sell any stocks and the views that are shared by Aziz might not incline to your personal investment strategy and this is the reason we advise to take professional advice before going ahead with our views.