Here is the street expectation for the companies:
Eicher Motors Limited (EML) Consensus expectations for Q3FY19E:
- Revenue: Rs2,314cr (up 2% yoy, down 4% qoq). We expect weak volumes in Q3FY19 for RE (down 6% yoy, 7% qoq) to be offset by higher realization (up 9% yoy, 4% qoq), led by introduction of newer models with disc brakes and ABS, which have a higher average selling price per unit. This will be the first time in several quarters that RE will see single digit (yoy) growth.
- EBITDA: Rs717cr (flat yoy, down 3% qoq).
- EBITDA margin: 31% (contraction of 73bps yoy, expansion of 38bps qoq). We expect weak volume growth and high commodity costs to dampen operating performance in Q3FY19, leading to yoy margin contraction.
- PAT: Rs526cr (up 11% yoy, 5% qoq). PAT growth rate will be boosted by higher non-operating income.