Eicher Motors gains ahead of quarterly results

NEW DELHI: Shares of Eicher Motors rose over 2 per cent in afternoon trade on Thursday ahead of its June quarter results.

The Gurgaon-based company operates in three distinct business verticals, viz motorcycles, commercial vehicles and personal vehicles. The company reported a stellar performance for last financial year with Rs 13,120.7 crore total consolidated revenue for the 12 months ending on March 31, 2016.

"Sales volumes for the 12-month period ending March 31, 2016 for VECV stood at 52,025 units (including exports and Volvo units) while for Royal Enfield it stood at 5,08,099 units. We have achieved our best-ever EBIT margin at 13 per cent for the 12-month period ending March 31, 2016," the company said in its annual report for 2015-16.

At 12:01 pm, shares of the company were trading at Rs 20,866 apiece, up 2.61 per cent from its previous close on the Bombay Stock Exchange ( BSE).