 "Eicher net up 33%, stock zooms 7%")
Eicher Motors, the company that manufactures Royal Enfield bullets, zoomed nearly 7% at the Bombay Stock Exchange after reporting a 33% jump in profit for the quarter ended March 31, 2015.
Net profit was Rs 213.45 crore against Rs 160.62 crore in the corresponding quarter of last year.
The company, which follows a January-December accounting year, reported a 16.27% increase in net sales.
Net sales for the quarter stood at Rs 956.70 crore. The significant increase in profit came in spite of a 47% increase in raw material cost to Rs 561.67 crore in the quarter.
Net profit was Rs 213.45 crore against Rs 160.62 crore in the corresponding quarter of last year.
The company, which follows a January-December accounting year, reported a 16.27% increase in net sales.
Net sales for the quarter stood at Rs 956.70 crore. The significant increase in profit came in spite of a 47% increase in raw material cost to Rs 561.67 crore in the quarter.