Eicher Motors net profit rose 55% to Rs 1,016 crore in the second quarter

New Delhi: Eicher Motors’ consolidated net profit increased by 55 percent to Rs 1,016 crore in the July-September quarter of the current financial year. The company’s profit has increased mainly due to an increase in sales. The company had earned a net profit of Rs 657 crore in the July-September quarter of the last financial year. Total income from operations rose to Rs 4,115 crore in the September quarter from Rs 3,519 crore in the year-ago period, Eicher Motors said in a stock exchange filing on Friday.

The company said that this is its best performance to date in terms of quarterly revenue, profit, and sales. Eicher Motors Managing Director Siddharth Lal said in a statement, “One-half of the financial year has passed. During this period, we have delivered a remarkable performance in both Royal Enfield and VE commercial vehicles.”