Tuesday, 12 August 2014

Eicher Motors gains as earnings beat estimates

   

      Eicher Motors’s net profit for the quarter jumped over two and a half fold at Rs 133.24 crore as compared to Rs 52.62 crore for the quarter ended June 30, 2013. Its total income has increased by 95.03% to Rs 759.71 crore for the quarter under review from Rs 389.53 crore for the corresponding quarter of the previous year.
     On the consolidated basis, the company has reported 70.54% rise in its net profit after taxes & Minority interest at Rs 157.44 crore for the quarter as compared to Rs 92.32 crore for the same quarter in the previous year. Its total income has increased by 33.84% at Rs 2263.18 crore for quarter under review as compared to Rs 1690.98 crore for the quarter ended June 30, 2013.



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