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The consolidated net profit of Eicher Motors Limited for the first quarter of the current financial year (Q1YFY24) saw a rise of 50.38 per cent to Rs 918.34 crore, compared to Rs 610.66 crore for the corresponding quarter of the previous year, the company said in a BSE filing.
Sequentially, the net profit was up 1.40 per cent. In Q4FY23, the net profit of the company was Rs 905.58 crore.
The revenue from operations for Q1FY24 came in at Rs 3,986.37 crore, compared to Rs 3,397.46 crore year-on-year (YoY), which is a rise of 17.33 per cent.
On a quarter-on-quarter (QoQ) basis, the revenue for operations was up 4.78 per cent. It was Rs 3,804.32 crore in Q4FY23.
The total income for Q1FY24 came in at Rs 4,229.58 crore, compared to Rs 3,446.12 crore YoY, rising 22.73 per cent.
On a QoQ basis, the total income was up 5.48 per cent. It was Rs 4,009.83 crore in Q4FY23.
Eicher Motors Ltd stock closed at Rs 3,383 on Thursday.
