Eicher Motors Q2 net surges 25 per cent
EICHER Motors on Tuesday reported 25.4 per cent rise in its consolidated profit after tax to Rs 518 crore for the second quarter ended September 30. The company had reported PAT (profit after tax) of Rs 413 crore for the same period of previous fiscal.
Total income from operations rose to Rs 2,167 crore for the second quarter as compared to Rs 1,755 crore in the same period of previous fiscal, Eicher Motors said in a statement.
The company's two wheeler arm Royal Enfield sold 2,02,744 motorcycles, registering the best ever quarterly sales volume with a growth of 21.7 per cent, as against 1,66,582 units sold in the same period last year.
Commenting on the recent unveiling of the Interceptor 650 roadster and and the Continental GT 650 cafe racer, Eicher Motors MD and CEO Siddhartha Lal said two models along with its existing portfolio would help the company expand the mid-weight (250-750cc) motorcycle segment globally.