Q3 FY25 company results, February 10: Bata India, Crisil, Grasim Industries, Ramco Industries, Patanjali Foods, and Varun Beverages among 298 firms to release their earnings report for the Dec quarter
Eicher Motors Q3 FY25: Sequentially profit rose marginally by 7% from Rs 1,100 crore
The sharp rise in Eicher Motors share price was fuelled by healthy auto sales data in January, coupled with robust outlook, analysts said
In one month, Eicher Motors has rallied 9%, as compared to 1.4% in the BSE Auto index, while Bajaj Auto, Hero MotoCorp and TVS Motor Company were down in the range of 4% to 6%.
This marks Eicher's strategic entry into the rapidly growing 2-3.5T segment to ensure its presence in last-mile logistics
Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent
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For Q2 FY25, VECV's profit after tax stood at Rs 209 crore, as against Rs 187 crore last year
The company said its net profit rose 8.3% year-on-year to Rs 1,100 crore ($130.40 million) in the three months to Sept. 30
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At 10:15 am, the BSE Auto index, the top loser among sectoral indices, was down 3 per cent, as compared to the 0.33 per cent decline in the BSE Sensex
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
Eicher Trucks and Buses, a business unit of VE Commercial Vehicles, on Thursday said it has launched a programme to incentivise customers for scrapping old vehicles to purchase new trucks and buses. Under the terms of the scheme, buyers of new vehicles holding a valid 'Certificate of Deposit' from any recognised scrappage center can receive incentives ranging between 1.25 per cent to 3 per cent of the base vehicle cost of a vehicle with payload or seat capacity equivalent to the scrapped unit, the company said in a statement. In case equivalent vehicles are not available, it would be possible for customers to purchase trucks or buses with immediate higher or lower tonnage or seating capacity, it added. The programme is valid from September 1, 2024, and will run for a period of 2 years or until further notice, the company stated. "The forward-looking Vehicle Scrappage Policy by the government represents a transformative step towards promoting a circular economy and encouraging the u
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.
Royal Enfield has witnessed a good start to FY25. Our diverse product range strengthened our position in the mid-size segment across the globe
Eicher clocked record-high sales in the previous two fiscal years due to strong demand from urban consumers, its key demographic
Eicher Motors on Friday said a GST demand order by tax authority in Tamil Nadu has been reduced to Rs 26.97 crore from an original sum of Rs 129.79 crore upon appeal. The company had received the original demand from the Additional Commissioner, Chennai North Commissionerate, Chennai, Tamil Nadu on December 30, 2023 for aggregate amount of Rs 129.79 crore, including tax demand of Rs 117.99 crore and penalty of Rs 11.79 crore. "As a result of the appeal filed by the company against the above GST demand order, the demand order is now revised from Rs 129.79 crore to an aggregate amount of Rs 26.97 crore, which include tax demand of Rs 24.52 crore and penalty of Rs 2.45 crore," Eicher Motors said in a regulatory filing. The matter pertains to non-reversal of input tax credit on material returned instead of output tax liability paid by the company for 2017-18. "Based on the company's assessment, the aforesaid revised demand is not maintainable and the company is evaluating all options .
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Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23
On a sequential basis, the company's PAT rose 7.48%, while the revenue rose by 1.85%