Eicher Motors shares soar over 7% on robust Q3 results

Shares of commercial vehicles maker Eicher Motors today advanced by over 7 per cent after the company reported 76 per cent increase in net profit for the quarter ended December 2015.
The stock soared 7 per cent to end at Rs 18,128.45 on BSE. Intra-day, it jumped 9.14 per cent to Rs 18,490.05.
At NSE, shares of the company rose sharply by 7.24 per cent to close the day at Rs 18,119.15.
The company added Rs 3,246.14 crore to Rs 49,226.14 crore in market valuation.
Eicher Motors today reported a 76.1 per cent increase in its net profit at Rs 270.8 crore for the quarter ended December 2015 on the back of robust sales.

The company had posted a net profit of Rs 153.77 crore in the year-ago period, Eicher Motors said in a BSE filing.
Net sales during the period under review stood at Rs 3,247.91 crore as against Rs 2,225.94 crore in the year-ago period, up 45.91 per cent.
The company, which has a joint venture with Sweden's Volvo, said the total domestic sales of Eicher Trucks and Buses (5 Tonne and above) stood at 10,480 units in the period under review as against 7,740 units in the year-ago quarter, a growth of 35.4 per cent.