The stock rallied 6% to Rs 22,382, also its lifetime high on the BSE in intra-day trade.
Net profit grew to Rs 337 crore against Rs 199 crore in corresponding quarter last year
The company reported a strong EBIDTA margin of 30.2 per cent against 26.1 per cent in last year
Higher realisations and lower raw material costs aid performance
Shares of the company closed at Rs 21,075.20 per scrip on BSE, up 3.64% from its previous close
The stock dipped 7% to Rs 18,380 on NSE after 1.14 million shares changed hands via block deal.
The sale has been done to provide liquidity to the promoters for personal uses, such as portfolio and other investments
Operating profit margins expanded to the highest levels ever in the March quarter
Royal Enfield plans to invest Rs 600 crore in product development and R&D
The stock fell nearly 4% to Rs 18,750, extending its 2% decline in past two trading sessions on the BSE.