The Eicher Motor reported 9.42% sales in this year end Rs.4192.02Cr when compared to Rs.3831.35 cr in the same period last year.Net Profit stood at Rs.983.31 Cr when compared to Rs.746.86 Cr last year. In May Month Royal enfield Motor cycles shows 8% decrease in the Sales with 71010 units compared to 77461 Units in the same month last year. The Eicher motors shares fell today 1% after the results fell in the Quarterly report.
EICHERMOT Market price is moving in Ascending channel and market has reached higher high area of the channel
Shares of Eicher Motors Limited dropped over 1 percent to Rs 4,671 in morning trade on May 3, following the company’s report of a decline in motorcycle sales for May amidst challenging market conditions.
The manufacturer of Royal Enfield motorcycles experienced an 8 percent decrease in sales, with 71,010 units sold in May compared to 77,461 units in the same month last year. Sales of models with engines up to 350cc fell by 13 percent, from 69,038 units to 59,852 units year-on-year. Conversely, sales of models with engines over 350cc saw a significant increase of 32 percent, rising to 11,158 units from 8,423 units year-on-year.
Despite fluctuations in the domestic market, Eicher Motors’ international business showed resilience, achieving a 12 percent growth with sales reaching 7,479 units, up from 6,666 units year-on-year.
The company’s commercial vehicle division, VE Commercial Vehicles (VECV), reported a 9.7 percent increase in total sales, reaching 6,901 units compared to 6,289 units in the same period last year. Domestic sales also rose by 8.2 percent, to 6,304 units from 5,826 units year-on-year. Exports surged impressively by 66 percent, to 415 units from 250 units year-on-year.
However, the total sales of Volvo Trucks & Buses witnessed a 14.6 percent decline, totaling 182 units compared to 213 units year-on-year.
For the quarter ending in March, Eicher Motors’ net sales increased by 9.42 percent to Rs 4,192.08 crore, up from Rs 3,831.35 crore the previous year. Net profit saw a significant rise of 31.66 percent, reaching Rs 983.31 crore, compared to Rs 746.86 crore in March 2023.
The Udupi Cochin Shipyard company subsidiary of Cochin Shipyard company received the order of 70T Bullard Poll Tug from Ocean Sparkle company subsidiary of Adani Harbour company nearly Rs.100-250 Cr. Already 62 T Bollard Pull Tug 2 numbers received last month. This UCSL company is doing Polestar Maritime company projects two 70 T Bollar Pull Tug currently now. This company reported Seven times profit increased to Rs.258.90 Cr and revenue increased to Rs.1286 Cr in this Fiscal year.
COCHINSHIP Market price has broken Ascending channel in upside
The share price of Cochin Shipyard witnessed a nearly 4 percent surge in early trade on June 3, following an announcement that its subsidiary secured an order worth between Rs 100-250 crore.
Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), clinched a contract from Ocean Sparkle Limited (OSL), a company under Adani Harbor Services Limited.
The agreement entails the construction of three ASD (Azimuthing Stern Drive) Tugs with a bollard pull power of 70 T (tonnes). UCSL had previously undertaken the construction of two ASD tugs with a bollard pull of 62 T for OSL, both of which were delivered ahead of schedule and are currently operational at Paradeep Port and New Mangalore Port.
The new 70 Tonne Bollard Pull Tugs will measure 33 meters in length, 12.2 meters in beam, and have a draft of 4.2 meters. They will be equipped with two main engines of 1838 kW each, thrusters of 2.7 meters diameter, diesel generators of 150 kW, forward towing winch, aft winch, deck crane (3T), and an external fire fighting system (FIFI-1 – 2800 Cu Mtr per Hr).
Additionally, UCSL had previously contracted Polestar Maritime Limited for the construction of two ASD tugs of 70 T bollard pull. The first vessel, named ‘Konna Star’, has been delivered ahead of schedule and deployed at Deendayal Port, Kandla. The second vessel is currently under construction at the UCSL yard in Malpe, Karnataka. Polestar Maritime Limited has also placed a repeat order with UCSL for the construction of another 70 T bollard pull tug.
Mr. Madhu Nair, CMD of CSL and Chairman of UCSL, expressed delight over being chosen again as the preferred partner by Ocean Sparkle Limited and Polestar Maritime Limited. He emphasized the commitment of CSL and UCSL towards delivering high-quality tugs, focusing on construction cycle time and sustainable solutions to serve the evolving maritime ecosystem.
Cochin Shipyard reported a nearly seven-fold year-on-year increase in net profit, reaching Rs 258.90 crore, while its revenue surged by 114.3 percent year-on-year to Rs 1,286 crore.
Engaged in shipbuilding and ship repair services, Cochin Shipyard is the largest public-sector shipyard in India, primarily deriving revenue from naval vessel construction, Coast Guard projects, commercial shipbuilding, and vessel repair.
The Puravankara real estate company reported Purvankara oak company acquired 12.75 Acre in the Thane region. Nearly Carpet area of 18.75 Sqft and Gross Development value is Rs.4000 cr. This company announced 33% YoY Dip in the profit as Rs.42 cr and revenue comes as Rs.947 Cr in this Quarter.
PURVA Market price is moving in Ascending channel and market has rebounded from the higher low area of the channel
In the early trade on June 3, the share price of Puravankara surged, hitting the 5 percent upper circuit, following the company’s acquisition of a 12.75-acre land parcel in Thane.
The company announced the acquisition of the land parcel in Patlipada on Ghodbunder Road, Thane, through its wholly-owned subsidiary company, Purva Oak Private Limited, as stated in its press release. The land has an estimated potential carpet area of 18.20 lakh square feet and a potential Gross Development Value (GDV) of Rs 4,000 crores over the project lifecycle.
Puravankara recently reported a 33 percent year-on-year (YoY) decrease in net profit to Rs 42 crore for the quarter ended March 31. However, the company’s revenue for the fourth quarter stood at Rs 947 crore, marking a significant increase of 112 percent YoY.
In April 2024, Puravankara emerged as the preferred developer for the redevelopment of a residential housing society in Mumbai’s Pali Hill locality. The project is estimated to have a cumulative development potential of 4.10 lakh square feet carpet area, with approximately 2.15 lakh square feet available for sale and a potential gross development value (GDV) of more than Rs 2,000 crore.
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