Eicher Motors Q4 net up 32% at Rs 96 crore

NEW DELHI: Eicher Motors today posted 32.35 per cent rise in consolidated net profit at Rs 96.25 crore for the fourth quarter ended December 31, 2013.

The company, which follows January-December fiscal, had posted a net profit of Rs 72.72 crore during the same period of previous financial year.

Consolidated net sales of the company rose to Rs 1,663.96 crore for the fourth quarter, compared to Rs 1,630.49 crore during the same period of previous fiscal, Eicher Motors said in a filing to the BSE.

The company follows January-December financial year. The company's board, which met today, recommended 300 per cent dividend on the equity share capital (Rs 30 per share), subject to the approval of shareholders.

For the year ended December 31, 2013, the company posted a consolidated net profit of Rs 393.94 crore, compared to Rs 324.26 crore during the previous fiscal.

Consolidated net sales of the company for the year ended December 31, 2013, rose to Rs 6,685.75 crore, as against Rs 6,329.94 crore in the previous fiscal.

Eicher Motors shares today closed at Rs 4,420.40 apiece on the BSE, down 0.25 per cent from previous close.