New Delhi: Eicher Motors Ltd. leading automaker has reported that for the quarter to March 31, 2024 its total revenue was at INR 4,256 crore, up 11.87% compared to INR 3,804 crore in the corresponding quarter of FY 2022-23. EBITDA was INR 1,129 crore, up 20.88% compared to INR 934 crore in the same quarter of the previous financial year.
The Q4 FY24 Profit After Tax was INR 1,070 crore, an increase of 18.20% compared to INR 906 crore during the same period last year.
For FY24, VECV’s Revenue from operations was INR 21,868 crore, up by 15.38% over the previous year’s revenue of INR 18,952 crore. EBITDA for FY 2023-24 was INR 1,715 crore, 25.27% higher than INR 1,369 crore last year, the release added.
The Board of Directors of the Company at their meeting held on May 10, 2024, considered and recommended a final dividend aggregating to INR 1,396.41 crore (34.9% of PAT) at INR 51 per share (nominal value of INR 1 per share) for the financial year ended March 31, 2024. The dividend per share is the highest ever for EML and is 37.1% higher than the FY 2023 dividend per share, the company said in a media release.
For the Financial Year ended March 31, 2024 Eicher Motors’ total revenue from operations was at INR 16,536 crore up by 14.50% as compared to INR 14,442 crore recorded for FY 2022-23.
Royal Enfield
During Q4 FY24, Royal Enfield sold 227,925 motorcycles, up by 6.17% from 214,685 motorcycles sold during the same period in FY 2022-23.
During FY 2023-24, Royal Enfield registered motorcycle sales at 9,12,732 (standalone), up by 9% from 834,895 (standalone) in FY 2022-23.
Siddhartha Lal, Managing Director & CEO, Eicher Motors Ltd., said, “We’ve had a remarkable year at EML and have reported exceptional performance across both Royal Enfield and VE Commercial Vehicles. In the motorcycle business, last year was an action packed one as the middleweight segment in the industry witnessed a considerable number of launches by international brands in partnership with Indian OEMs.”
