Eicher Motors posted a 7 per cent rise in net profit at ₹ 532.6 crore in the third quarter of the current financial year compared to ₹ 498.70 crore in the year-ago period. The company’s revenue from operations rose 19.3 per cent year-on-year to ₹ 2,828.3 crore. The revenue from operations stood at Rs 2,371.01 crore in the year-ago period. According to the company’s regulatory filing to the BSE, its consolidated operating profit in the third quarter of the financial year rose 13.5 per cent on a year-on-year basis to ₹ 672 crore. The company’s total income in the quarter stood at Rs 2,953.30 crore, compared to Rs 2,505.71 crore in the year-ago quarter. Eicher Motors is the parent company of motorcycle brand Royal Enfield.
According to Eicher Motors’s statement, Royal Enfield sold 199,000 motorcycles in the quarter, an increase of five per cent from 189,000 motorcycles sold in the year-ago quarter.
“The third quarter has seen steady business growth and encouraging performance across the board. Consumer sentiment and demand have improved, and this is reflected in our volumes for the quarter,” said Siddhartha Lal, Managing Director of Eicher Motors Limited.