Eicher posts 33% increase in PAT in Jan-Mar quarter

Commercial vehicle maker Eicher Motors today reported a 33.34 per cent increase in its consolidated profit after tax at Rs 163.43 crore for the quarter ended March 31.

Written by Agencies | New Delhi | Published:May 14, 2012 9:27 pm

Commercial vehicle maker Eicher Motors today reported a 33.34 per cent increase in its consolidated profit after tax at Rs 163.43 crore for the quarter ended March 31.

The company had posted a profit after tax (PAT) of Rs 122.57 crore in the same period last year,Eicher Motors said in a statement.

The consolidated total income from operations during the quarter also went up by 21.71 per cent to Rs 1,695.04 crore from Rs 1,392.68 crore,it added.

The Eicher Trucks and Buses Division witnessed a rise of 13.51 per cent in vehicle sales to 14,195 units in the last quarter compared to 12,505 units in the same period of 2011.

Commenting on the figures,Eicher Motors Managing Director and CEO Siddhartha Lal said: “We have registered the best ever quarterly total income from operations in Q1 2012… We continue to focus on strategic initiatives that have resulted in effective cost management,improved operational parameters and a differentiated pipeline of products.”

The company’s motorcycle business — Royal Enfield – saw its sales climbing by 41 per cent to 23,899 units over the year-ago period,the statement said.

“At Royal Enfield,we continue to maximise our production capacity from the existing plant,to meet the growing demand of our motorcycles. In March 2012,Royal Enfield produced and sold a record number of 9,000 plus motorcycles in a month.”

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