Eicher Motors is trading higher by 3% at Rs 4,553 after reporting 118% year-on-year (yoy) growth in standalone net profit at Rs 74 crore for the fourth quarter ended December 31, 2013 (Q4), on back of higher sales. The auto maker had profit of Rs 34 crore in the same quarter year ago.
The company’s standalone net sales rose 78% yoy to Rs 525 crore in the quarter ended December 2013 as against Rs 295 crore during the previous quarter ended December 2012, Eicher Motors said in a statement.
The consolidated net profit of the company increased 31.5% at Rs 96 crore, while net sales grew 2% at Rs 1,664 crore on yoy basis.
Meanwhile, the board has recommended 300% dividend on the equity share capital (Rs 30 per share) for the year ended December 2013.
The stock opened at Rs 4,600 and touched a high of Rs 4,620 on the BSE. A combined 10,536 shares changed hands on the counter in early morning deals on the BSE and NSE.
The company’s standalone net sales rose 78% yoy to Rs 525 crore in the quarter ended December 2013 as against Rs 295 crore during the previous quarter ended December 2012, Eicher Motors said in a statement.
The consolidated net profit of the company increased 31.5% at Rs 96 crore, while net sales grew 2% at Rs 1,664 crore on yoy basis.
Meanwhile, the board has recommended 300% dividend on the equity share capital (Rs 30 per share) for the year ended December 2013.
The stock opened at Rs 4,600 and touched a high of Rs 4,620 on the BSE. A combined 10,536 shares changed hands on the counter in early morning deals on the BSE and NSE.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%