For complete 2015-16 economic, the organization published a internet earnings of Rs.1,082.6 crore as compared with Rs.671.five crore in the previous year. picture:
New Delhi: Eicher motors on Thursday said a seventy one.three% growth in its consolidated internetearnings at Rs.334.5 crore for the March region attributable to robust income throughout commercial enterprise verticals.
The organization, which had published a net earnings of Rs.195.28 crore during the equal length ofprevious monetary, plans to make investments Rs.four hundred crore in VE industrial automobiles(VECV) segment for potential growth at some point of the current fiscal. overall profits rose to Rs.3,764.9 crore at some point of the quarter under review, up 46.6%, from Rs.2,568 crore for the equalperiod ultimate fiscal, Eicher cars said in a declaration.
For whole 2015-sixteen fiscal, the agency posted a internet earnings of Rs.1,082.6 crore in comparisonwith Rs.671.5 crore within the previous year. overall earnings in the course of the monetary stood at Rs.13,a hundred and twenty.7 crore, while the same stood at Rs.nine,382.1 crore a yr in the past.
Commenting on VECV’s performance, Eicher vehicles managing Director & CEO Siddhartha Lal said the fourth sector was one of the fine quarters for the commercial vehicle enterprise within the previous fewyears. “VECV had a stellar ultimate zone overall performance wherein it grew by using 38.1% outpacing the industry growth of 27.6% in sector ended March 2016,” he stated.
VECV published a sturdy boom in both the heavy obligation phase and light and medium dutysegments, Lal stated. “we will be investing Rs.400 crore in VECV closer to product improvement andpotential enlargement in FY 2016-17,” he added.
besides, the organisation’s two-wheeler arm Royal Enfield also published its nice-ever salesperformance within the March area. at some point of the period, the niche motorcycle maker bought1,forty eight,185 motorcycles, registering its high-quality-ever quarterly income and posting a growth of59.6% over 92,845 motorcycles offered inside the same duration final year.
Eicher motors stocks these days closed at zero.30% decrease at Rs.19,687.forty five apiece on BSE.
