Eicher Motors Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 10, 2024 at 06:59 pm
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Eicher Motors Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 41,733.5 million compared to INR 37,314.4 million a year ago. Revenue was INR 45,611.9 million compared to INR 40,098.3 million a year ago. Net income was INR 10,704.5 million compared to INR 9,055.8 million a year ago. Basic earnings per share from continuing operations was INR 39.1 compared to INR 33.11 a year ago. Diluted earnings per share from continuing operations was INR 39.03 compared to INR 33.06 a year ago.
For the full year, sales was INR 162,340.2 million compared to INR 141,759 million a year ago. Revenue was INR 176,116.5 million compared to INR 150,372.9 million a year ago. Net income was INR 40,010.1 million compared to INR 29,139.4 million a year ago. Basic earnings per share from continuing operations was INR 146.18 compared to INR 106.56 a year ago. Diluted earnings per share from continuing operations was INR 145.92 compared to INR 106.38 a year ago.
Eicher Motors Limited is an India-based multinational automobile company. The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of two-wheelers as well as sale of related parts and accessories. Its flagship brand Royal Enfield, which is engaged in motorcycle business. Royal Enfield's motorcycle products include Interceptor 650, Continental GT 650, Classic, Bullet and Himalayan. Royal Enfield's portfolio also includes apparels and motorcycle accessories, including protective riding apparel, riding accessories, protective seats, bodywork, controls, wheels, luggage and engine. Its commercial vehicle business is led by VE Commercial Vehicles. Its joint venture with AB Volvo, VE Commercial Vehicles Limited (VECV), includes a range of Eicher branded trucks and buses.