Latest News | Eicher Motors Q2 Profit Up 76 Pc at Rs 657 Cr
Get latest articles and stories on Latest News at LatestLY. Eicher Motors on Thursday said its consolidated profit after tax increased 76 per cent to Rs 657 crore in September quarter, aided by brisk sales across domestic and international markets.
New Delhi, Nov 10 (PTI) Eicher Motors on Thursday said its consolidated profit after tax increased 76 per cent to Rs 657 crore in September quarter, aided by brisk sales across domestic and international markets.
The company had reported a net profit of Rs 373 crore for July-September 2021-22.
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Total revenue from operations increased to Rs 3,519 crore from Rs 2,250 crore in the year-ago period, Eicher Motors said in a regulatory filing.
Royal Enfield, a division of the company, sold 2,03,451 motorcycles in the quarter, an increase of 65 per cent from the year-ago period.
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Eicher Motors Managing Director Siddhartha Lal said the company's overall performance was very encouraging in the first half of current fiscal year.
Royal Enfield CEO B Govindarajan said: “We have registered a healthy growth in the festive season and are confident of continuing this trend over the next quarter as well.”
VE Commercial Vehicles (VECV) MD and CEO Vinod Aggarwal said the company strengthened market share, particularly in heavy duty truck and bus segments for both Eicher and Volvo brands during the quarter under review.
Shares of the company on Thursday settled 0.83 per cent down at Rs 3,702 apiece on the BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)