Eicher posts net profit of Rs 237 cr in Q1; Royal Enfield CEO steps down

COO B Govindarajan will replace Vinod K Dasari with effect from August 18

Eicher Motors on Thursday posted a consolidated net profit of Rs 237 crore during the first quarter of 2021-22 (FY22), compared with a loss of Rs 55 crore during the same period in the preceding financial year (2020-21, or FY21).

The auto major's total revenue for the April-June period of FY22 was seen at Rs 1,974 crore, up 141 per cent, compared with Rs 818 crore in the corresponding quarter of FY21.

The company also announced a change in its senior leadership, with Vinod K Dasari stepping down as chief executive officer of Royal Enfield - a division of Eicher Motors -