estimates

Ayesha Motors misses profit estimates as costs rise | Tech Reddy

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Ayesha Motors misses profit estimates as costs rise | Tech Reddy

[ad_1] India’s Eicher Motors Ltd missed analysts’ estimates for quarterly profit on Thursday, as costs at the Royal Enfield motorcycle maker rose 50%. The company’s consolidated net profit rose 76% year-on-year to 6.57 billion Indian rupees ($80.41 million) in the quarter ended Sept. 30, while income from operations rose 56.45% to 35.19 billion rupees. Analysts … Read more

India’s TVS Motor missed Q2 profit estimates on weak exports | Tech Reddy

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India’s TVS Motor missed Q2 profit estimates on weak exports | Tech Reddy

[ad_1] BENGALURU, Nov 4 (Reuters) – Indian two-wheeler maker TVS Motor Company Ltd ( TVSM.NS ) reported lower-than-expected growth in the second quarter on Friday, hurt by higher costs and an economic slowdown in several regions. its main markets. The company’s profit rose 46.8% to 4.07 billion Indian rupees ($49.51 million) in the three months … Read more