Eicher Motors Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 04:10 am EST
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Eicher Motors Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 41,156 million compared to INR 36,652.3 million a year ago. Revenue was INR 44,325.7 million compared to INR 39,133.2 million a year ago. Net income was INR 9,959.7 million compared to INR 7,408.4 million a year ago. Basic earnings per share from continuing operations was INR 36.38 compared to INR 27.09 a year ago. Diluted earnings per share from continuing operations was INR 36.31 compared to INR 27.04 a year ago.
For the nine months, sales was INR 120,606.7 million compared to INR 104,444.6 million a year ago. Revenue was INR 130,504.6 million compared to INR 110,274.6 million a year ago. Net income was INR 29,305.6 million compared to INR 20,083.6 million a year ago. Basic earnings per share from continuing operations was INR 107.08 compared to INR 73.45 a year ago. Diluted earnings per share from continuing operations was INR 106.89 compared to INR 73.32 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.
EICHER MOTORS LIMITED 
