Eicher Motors Q3 net profit flat at โ‚น488 crore

Royal Enfield sold 1.99 lakh motorcycles, marking an increase of 5% over the year-earlier period.

Eicher Motors Ltd. reported standalone net profit for the third quarter ended December remained almost unchanged at โ‚น488 crore.

Total revenue from operations rose 19% to โ‚น2,804 crore. Royal Enfield sold 1.99 lakh motorcycles, marking an increase of 5% over the year-earlier period.

โ€œAs of December, the company was producing 75,000 units per month,โ€ Vinod K. Dasari, CEO, Royal Enfield, told the media.

โ€œThis quarter has been encouraging as we have exceeded pre-COVID-19 production levels and had our best-ever December performance till date. Our long term goal is to have at least 20% of revenue coming outside India,โ€ he added.

โ€œWhile we have been able to stabilise our supply chain to some degree, there are still a few issues with erratic supplies, as well as increase in logistics and commodity costs. The demand has been steady and our bookings have stayed strong for the entire quarter,โ€ he said.

โ€œWe want to be a global player and be present in all the major markets,โ€ said Siddhartha Lal, MD.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *