According to reports, consolidated total income from operations also jumped 26.79 per cent to Rs 1,576.64 crore from Rs 1,243.51 crore. For the entire fiscal, the company’s consolidated net profit surged 63.44 per cent to Rs 308.77 crore from Rs 188.92 crore in the previous financial year. The company also mentioned that consolidated total income from operations also went up by 29.28 per cent to Rs 5,716 crore in 2011 from Rs 4,421.26 crore in 2010. The reports quoted Eicher Motors’ Managing Director and CEO, Siddhartha Lal as saying “The CV market in 2011 grew very well and we saw robust sales of our entire range of products. Our motorcycle business also contributed very well to overall performance.” The Eicher Trucks and Buses division (ETB) witnessed a 26.60 per cent rise in sales to 48,337 units in 2011 from 38,181 units in 2010. On the Royal Enfield business, Mr Lal said sales grew 42 per cent last year to 74,626 units. It was reported that the company will increase its total output of commercial vehicles to 5,500 6,000 units per month by the end of 2012 from 4,500 units a month at present, he added.
[[posterous-content:pid___0]]Commercial vehicles maker Eicher Motors said that 55.74 increase in consolidated net profit for the fourth quarter ended December 31, 2011, to Rs 85.44 crore on the back of its robust performance in all segments. The company had posted a net profit of Rs 54.86 crore in the corresponding quarter of the previous financial year, it was reported.
Monday, 13 February 2012
56 percent growth in profits for Q4 report by Eicher Motors
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