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Eicher Motors Q3 profit increases 24% YoY

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Eicher Motors, consolidated net profit increased by 24.5% YoY to Rs.520.5 crore for the quarter ended December 2017.

Revenue from operations was up by 23.7% to Rs.2,269 crore in Q3, as against Rs.1,835 crore in the corresponding quarter last year. Royal Enfield sales volumes grew 18.8% YoY to 2,06,000 units, due to additional capacity and good demand.

Further, commercial vehicle volumes were very strong in the quarter ended December 31,2017, which was up 37.7% YoY and 8.1% QoQ to 16,231 units.

Read EquityPandit’s Technical Analysis of Nifty Auto Outlook for the Week

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