Eicher Motors’ consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter, led by robust sales across all business segments.
Eicher Motors shares surged over 8 per cent on Thursday after the firm said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter.
The stock rose 8.35 per cent to ₹4,972.50 on the BSE.
It rose 8.37 per cent to ₹4,973 on the NSE.
Eicher Motors on Wednesday said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter, led by robust sales across all business segments.
The automaker reported a profit after tax (PAT) of Rs 1,016 crore in the July-September quarter of the previous fiscal. The company said it recorded best-ever second quarter revenue from operations at Rs 4,263 crore as against Rs 4,115 crore a year ago. During the second quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as against 2,29,496 vehicles sold during the same period in FY24. Royal Enfield is a division of Eicher Motors. “During the quarter, we have continued to maintain momentum in both Royal Enfield and VECV,” said Siddhartha Lal, Managing Director, Eicher Motors.
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