Eicher Motors' Q2 net rise to Rs 413 crore; Royal Enfield sales jump 31%

Commercial Vehicle major Eicher Motors on Friday said that its consolidated net profit for the quarter ended on September 30, 2015 stood at Rs 413.1 crore, a rise of 45.2% as compared to Rs 284.5 crore.

Its total income rose to Rs 2047.4 crore in Q2FY17 from Rs 1510.05 crore in Q2FY16.  EBITDA r pure profits grew by 54.6% in Q2FY17. Other income during the quarter increased by 58.2% to Rs 66.46 crore on y-o-y basis. 

On a standalone basis, the company registered a net profit of Rs 396.1 crore during the September quarter, a growth of 54%, as against Rs 256.9 crore during the same period last year. 

The company said that sales of Royal Enfield grew by 30.8% in Q2FY17.  

Domestic sales of trucks and buses were 11,262 units during the quarter as against 9511 units in Q2FY16. 

In the regulatory filing, the company said its exports grew by 12.8% in Q2FY17.

On Friday, the shares of the company closed at Rs 24,025 per piece, down 2.06%, or Rs 505.95 on BSE.