Eicher Motors has rallied 5% to Rs 3,213 after reporting a better-than-expected consolidated net profit at Rs 98 crore for the quarter ended March 31, 2013 (Q1). Analysts on an average had expected profit of Rs 85 crore. The automobile maker profit of Rs 110 crore in a year ago quarter.
The consolidated total income from operations increased by 3.4% to Rs 1,724 crore from Rs 1,668 crore in the year-ago period.
Meanwhile, on standalone basis, the company has reported over two-fold jump in net profit at Rs 97.20 during quarter under review on back of strong volume growth and higher other income. It had posted a net profit of Rs 45.33 crore in the corresponding quarter last year.
Total income from operations increased by 51% to Rs 334 crore from Rs 221 crore a year ago quarter. Other income rose almost three-fold at Rs 68 crore from Rs 26 crore during the recently concluded quarter, Eicher Motors said in a statement.
The stock opened at Rs 3,090 and hits record high of Rs 3,260 on NSE. A combined 19,907 shares have changed hands on the counter till early noon deals on NSE and BSE.
The consolidated total income from operations increased by 3.4% to Rs 1,724 crore from Rs 1,668 crore in the year-ago period.
Meanwhile, on standalone basis, the company has reported over two-fold jump in net profit at Rs 97.20 during quarter under review on back of strong volume growth and higher other income. It had posted a net profit of Rs 45.33 crore in the corresponding quarter last year.
Total income from operations increased by 51% to Rs 334 crore from Rs 221 crore a year ago quarter. Other income rose almost three-fold at Rs 68 crore from Rs 26 crore during the recently concluded quarter, Eicher Motors said in a statement.
The stock opened at Rs 3,090 and hits record high of Rs 3,260 on NSE. A combined 19,907 shares have changed hands on the counter till early noon deals on NSE and 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 →*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%