Eicher Motors Rides High with Impressive Profit Growth
Eicher Motors reported a 9% profit increase to Rs 1,205 crore in Q1, with Royal Enfield selling 261,326 motorcycles, marking a 15% rise. Revenue climbed 15% to Rs 5,042 crore, while VECV sales rose 10% year-on-year. Shares saw a minor dip, concluding at Rs 5,470.60 on the BSE.
- Country:
- India
Eicher Motors has posted a robust 9% rise in profit after tax for the June quarter, amounting to Rs 1,205 crore. This is a notable increase from Rs 1,101 crore reported in the same period last year.
The company's revenue from operations climbed 15% to Rs 5,042 crore, up from Rs 4,393 crore compared to the previous fiscal year. Royal Enfield contributed significantly with sales of 261,326 motorcycles, marking a 15% surge.
VECV also showed strong growth, recording sales of 21,610 units, a 10% increase. Despite this strong financial performance, shares of Eicher Motors dipped marginally by 0.2% to Rs 5,470.60 on BSE.
(With inputs from agencies.)
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