Eicher Motors, the maker of the iconic bullet motorcycle has issued their performance report for Jun 2016. The leader in 2 wheeler premium segment reported a 41.96% growth in Income from Operations with Net Profits standing at Rs. 329.6 crore at a growth rate of 65.83%. This translation has been generated from sales of 1.47 lakh Bullets in addition to the Eicher trucks and Polaris offroaders.
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Result Analysis: Eicher Motors
- Total Income from Operations increased 41.96% to Rs. 1,556 crore.
- Profit After tax increased 65.83% to Rs. 329 crore.
- EPS increased 58.49% to Rs. 138 per share.
Scrip closed at Rs. 21,099/- up almost 4% in anticipation of another outstanding quarter.
Other notable points were:
- Its subsidiaries reported a revenue of Rs. 3.91 crore from operations along with a net loss after tax at Rs. 4.32 crore.
- Other Income almost doubled from Rs. 26.16 crore to Rs. 46.82 crore.
Disclosure: Analyst or Family do not hold the stock
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