Eicher Motors today said its net profit for the quarter ended March 31, 2009 stood at Rs 6.16 crore, while it had a net profit of Rs 19.46 crore in the corresponding period previous fiscal.
The commercial vehicles business of the company was transferred on a 'going concern' basis to VE Commercial Vehicles Ltd (subsidiary of the company) with effect from July 1, 2008. Hence, the current quarter figures are not comparable with the figures of corresponding previous quarter, Eicher Motors said in a filing to the Bombay Stock Exchange.
Total income from operations stood at Rs 89.84 crore for the quarter under review.
However, it had a total income from operations at Rs 659.42 crore for the corresponding previous quarter.
Shares of Eicher Motors were trading at Rs 290.25, up 2.44 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app