New Delhi: Eicher Motors on Thursday said its consolidated profit after tax increased 76% to INR 657 crore in September quarter, aided by brisk sales across domestic and international markets. The company had reported a net profit of INR 373 crore for July-September 2021-22.
Total revenue from operations increased to INR 3,519 crore from INR 2,250 crore in the year-ago period.
Siddhartha Lal, Managing Director, Eicher Motors, said, “At the halfway mark, our overall performance has been very encouraging. We have witnessed a great uptick in the momentum with the launch of the new Hunter 350.”
“During the quarter we also strengthened our market share in the Heavy Duty trucks and buses segment while launching a slate of new products and improving our distribution reach. At EML, our business performance has been quite promising and we continue to focus on the next stage of our growth with a robust ESG vision,” he added.
Royal Enfield, a division of the company, sold 2,03,451 motorcycles in the quarter, an increase of 65% from the year-ago period.
B. Govindarajan, CEO, Royal Enfield, and Wholetime Director, EML, said, “In this quarter we have seen excellent performance, we have registered 65% growth over corresponding period last year, with motorcycles across the portfolio showing uptick in demand.”
“We have registered healthy growth in the festive season and are confident of continuing this trend over the next quarter as well. We are gearing up to bring great motorcycles and motorcycling experiences to our consumers. While we have unveiled the Super Meteor 650 in Milan this week, we are also preparing for a spectacular comeback of Rider Mania later this month,” he added.
Also Read:
Mistry (54) and his friend Jahangir Pandole died in a car crash on a bridge on the Surya river on the Mumbai-Ahmedabad highway in Palghar district adjoining Mumbai on September 4, 2022. They were riding in the back seat of the Mercedes car.