India's Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.

Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after analysts said its second-quarter results indicated that the toughest phase of competition for the 'Royal Enfield' motorcycle manufacturer was now behind it.

Eicher Motors' Q2 revenue stood at ₹4,263 cr compared to ₹4,115 cr in the year-ago period; EBITDA flat at ₹1,088 cr

Eicher Motors' revenue from operations during the second quarter climbed to Rs 4,263 crore, marking a jump of 3.6% as against Rs 4,115 crore in the corresponding period of the past fiscal. This is, however, lower than the Bloomberg estimate of Rs 4,414 crore.

India's Eicher Motors , which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-powered models such as the 'Scram 411'.

Analysts say Enfield's renewed ‘focus over margins’ with intervention like relaunch of Battalion Black edition, higher marketing aided strong festive sales

Eicher Motors recorded a standalone net profit of Rs 1010 crore in the second quarter of 2024. Revenue rose to Rs 4,205 crore. Royal Enfield sold 2.25 lakh motorcycles. The company launched two electric motorcycle models under the brand Flying Flea.

During the quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY 2023-24, said the company in a stock exchange filing today.