Read more about Eicher Motors gains after Q4 PAT jumps 73% YoY on Business Standard. Eicher Motors rose 2.01% to Rs 2657.70 after the auto maker reported 72.9% jump in consolidated net profit to Rs 526.14 crore in Q4 FY21 compared with Rs 304.28 crore in Q4 FY20.
Eicher Motors posted a consolidated net profit of Rs 526.14 crore for the March quarter (Q4FY21). This is an increase of 73 per cent from Rs 304 crore logged in the corresponding quarter last year. The auto major s total revenue from operations were at all time high of Rs 2,940.3 crore for the quarter under review, up 33 per cent from Rs 2,208.1 crore in the same period last year. The company s board recommended a final dividend of Rs 17 per share for the financial year 2020-21, aggregating to Rs 464.67 crore. Royal Enfield sold 203,343 motorcycles during the quarter, an increase of 25 per cent from 163,083 motorcycles sold over the same period in FY20.
Published: February 16, 2021, 11:17 AM IST
Eicher Motors Limited (EML) today announced its unaudited consolidated financial results for the quarter ended December 31, 2020.
For the
quarter ended December 31, 2020, Eicher Motors total revenue from operations was recorded at Rs. 2,828 crores up by 19% as compared to Rs. 2,371 crores in the corresponding quarter of FY 2019-20; EBITDA was Rs. 672 crores crores, up by 13% as compared to Rs. 592 crores in the same quarter of the previous financial year; Profit after Tax was Rs. 533 crores against a profit of Rs. 499 crores during the same period last year. Royal Enfield sold 199,000 motorcycles in the quarter, an increase of 5% from 189,000 motorcycles sold over the same period in FY 2019-20.
Eicher Motors Limited announces financial results for the quarter ended December 31, 2020
Eicher Motors Limited (EML) today announced its unaudited consolidated financial results for the quarter ended December 31, 2020.
For the
quarter ended December 31, 2020, Eicher Motors’ total revenue from operations was recorded at Rs. 2,828 crores up by 19% as compared to Rs. 2,371 crores in the corresponding quarter of FY 2019-20; EBITDA was Rs. 672 crores crores, up by 13% as compared to Rs. 592 crores in the same quarter of the previous financial year; Profit after Tax was Rs. 533 crores against a profit of Rs. 499 crores during the same period last year. Royal Enfield sold 199,000 motorcycles in the quarter, an increase of 5% from 189,000 motorcycles sold over the same period in FY 2019-20.
Auto companies to hike prices again as steel rates soar
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Synopsis
The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals.
(Representative image)
(This story originally appeared in on Feb 15, 2021)CHENNAI: The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals.