Categories AlphaGraphs, Earnings

Eicher Motors Ltd Q2FY24; 55% rise in Profits

Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles.
Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business

Financial Results:

Eicher Motors Ltd reported Revenues for Q2FY24 of ₹4,115.00 Crores up from ₹3,519.00 Crore year on year, a rise of 16.94%.

Total Expenses for Q2FY24 of ₹3,183.00 Crores up from ₹2,832.00 Crores year on year, a rise of 12.39%.

Consolidated Net Profit of ₹1,016.00 Crores up 54.64% from ₹657.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹37.12, up 54.54% from ₹24.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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