Yes Bank Plans Pay Revision, Performance-Linked Reward

The move is part of a revamp ahead of Japan's SMBC acquiring a 20% stake in the bank

- Reuters

Eicher Motors, the maker of Royal Enfield motorcycles, beat fourth-quarter profit estimates on Wednesday, helped by strong demand for its higher-capacity motorcycles along with elevated exports.

The company's net profit came in at 1,362 crore in the three months ended 31 March, compared with 12 analysts' average estimate of 1,268 crore, as per data compiled by LSEG.

Sales of motorcycles with engine capacity above 350cc, such as the Himalayan, rose about 42% compared with a 20.4% growth the year before, reflecting growing interest in the premium segment. These models start at about 2,50,000.

Sales of these higher-priced, margin-boosting motorcycles accounted for 13.8% of total fourth-quarter sales, up from 12.1% in the same period a year ago.

Meanwhile, its exports grew more than 42% and made up 11.6% of total sales, as the company expanded its network into countries such as Bangladesh, although the Americas remained its largest overseas market.

The company's total revenue from operations rose 23.2% to 5,241 crore, edging past 13 analysts' estimates of 5,214 crore. Meanwhile, expenses rose 27% to 4,200 crore, with raw material and component costs—accounting for more than half of the total—rising 24%.