Eicher Mo­tors Q2 net profit rises 25% to G518 cr

The New Indian Express - - BUSINESS -

Chennai: Eicher Mo­tors (EML) on Tues­day re­ported con­sol­i­dated net profit of H518 crore for the sec­ond quar­ter ended Septem­ber 30, up 25.4 per cent as com­pared with H413 crore in year-ago pe­riod. Com­ment­ing on the VE Com­mer­cial Ve­hi­cle’s (VECV’s) per­for­mance, Sid­dhartha Lal, MD and CEO, Eicher Mo­tors, said with bet­ter price man­age­ment and con­tin­ued fo­cus on ma­te­rial cost re­duc­tions, Ebitda mar­gins for the com­pany im­proved by 100 ba­sis points for the quar­ter.

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