Eicher Motors posts 19% fall in PAT for January-March quarter
Eicher Motors reported 18.7 per cent decline in consolidated profit after tax at Rs 132.8 crore for the quarter ended March 31.
By PTI | Updated:
NEW DELHI: Commercial vehicle maker Eicher Motors today reported 18.7 per cent decline in consolidated profit after tax at Rs 132.8 crore for the quarter ended March 31.
It had posted a net profit of Rs 163.4 crore in the corresponding quarter last year, Eicher Motors said in a statement.
The consolidated total income from operations, however, went up by 3.4 per cent to Rs 1,724.3 crore from Rs 1,668.2 crore in the year-ago period, it added.
Commenting on the performance, Eicher Motors Managing Director and CEO Siddhartha Lal said: "The commercial vehicle industry has been in the midst of a cyclical down-cycle and that has impacted all the players."
The company scrip closed 0.50 per cent down at Rs 3,058.80 on the BSE.
It had posted a net profit of Rs 163.4 crore in the corresponding quarter last year, Eicher Motors said in a statement.
The consolidated total income from operations, however, went up by 3.4 per cent to Rs 1,724.3 crore from Rs 1,668.2 crore in the year-ago period, it added.
Commenting on the performance, Eicher Motors Managing Director and CEO Siddhartha Lal said: "The commercial vehicle industry has been in the midst of a cyclical down-cycle and that has impacted all the players."
The company scrip closed 0.50 per cent down at Rs 3,058.80 on the BSE.
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