Eicher Motors Sees 48% Profit Increase To 905 Cr
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Eicher Motors Sees 48% Profit Increase To 905 Cr

In Q4FY23, Eicher Motors exceeded the projected profit after tax (PAT) and achieved a consolidated PAT of Rs 905.6 crore, which is an increase of 48.42 per cent year-on-year. Sequentially, the growth rate is approximately 22.24 per cent.

The revenue for the quarter stood at Rs 3,804.32 crore, indicating an increase compared to Rs 3,193.32 crore in Q4 of the previous fiscal year and Rs 3,721 crore in the December 2022 quarter.

In the same quarter, earnings before interest and tax, depreciation and amortisation (EBITDA) was Rs 933.6 crore, while margins were at 24.5 per cent.

During the quarter, Royal Enfield sold 214,685 motorcycles, up 17.9 per cent from 182,125 motorcycles sold during the same period in FY 2021-22.

At a meeting held on Thursday, the company’s board members recommended a final dividend of Rs 37 per equity share for the fiscal year FY23, which is great news for shareholders. After approval in the 41st annual general meeting, the dividend will be paid within 30 days from the date of shareholders’ approval.

Additionally, the Board approved a cash outlay of Rs 1,000 crore for financial year 2023-24, which includes investment towards EV manufacturing facility, product development, and new product development under the internal combustion engine portfolio.

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