Don’t miss the latest developments in business and finance.

Eicher Motors net declines 7% y-o-y

Image
Press Trust of India New Delhi
Last Updated : Jan 19 2013 | 10:22 PM IST

Total income for the quarter rose 5.89 per cent at Rs 662.93 crore against Rs 626.07 crore in the year-ago period, the company said in a statement.

The company's profit after tax for the financial year ended March 31 increased by 2.92 per cent to Rs 63.05 crore from Rs 61.26 crore in the corresponding period of the previous fiscal.

Total income jumped 12.77 per cent during FY'08 to Rs 2,231.84 crore from Rs 1,979.17 crore last fiscal, it added.

The Eicher board has also recommended a 50 per cent dividend on the equity capital, subject to the approval of the shareholders, the statement said.

"This year we have recorded the highest sales in our company's history. For us it has been a year of steady progress amid strong economic challenges faced by the industry," Eicher Motors Managing Director and CEO Siddhartha Lal said.

Also Read

First Published: Apr 28 2008 | 6:04 PM IST

Next Story