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Eicher Motors Q4 PBT down 45.5% on absorbing share of Rs 14 cr loss in JV

Total income declines 11 per cent to Rs 2,351.30 crore

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Restrictions have been lifted in a phased manner at VECV plants, its dealers and suppliers. Channel inventories were at an all-time low which helped the channel partners in managing their working capital better

T E Narasimhan Chennai

5 min read Last Updated : Jun 12 2020 | 7:55 PM IST

Eicher Motors Ltd has posted a 45.5 per cent decline in profit before tax, at Rs 446.84 crore during the quarter ended March 31, 2020, from Rs 819.59 crore during same period last year. This is after its share of the loss of its Joint Venture VE Commercial Vehicle Ltd, which was a loss of Rs 14.01 crore. The JV had made a a profit of Rs 75.47 crore in the year-ago quarter.

Total income of the company declined 11 per cent to Rs 2,351.30 crore during the quarter, as compared to Rs 2,642.78 crore during same period of previous year.

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Topics : Eicher Motors Q4 earnings automobile manufacturer commercial vehicles