Eicher Motors Q1 net profit up 22% at Rs 459.62 cr

Commercial vehicles maker Eicher Motors today reported a 22.14 per cent rise in consolidated net profit at Rs 459.62 crore for the first quarter ended June 30, 2017.
The company had posted a net profit of Rs 376.29 crore during the April-June quarter a year-ago, Eicher Motors said in a BSE filing.
Its total consolidated income was up 29.49 per cent to Rs 2,332.67 crore during the quarter under review as against Rs 1,801.30 crore in the corresponding quarter of last fiscal.
Eicher Motors total expenses rose 26.89 per cent to Rs 1,680.56 crore as against Rs 1,324.39 crore in the year-ago period.

Shares of Eicher Motors closed 1.91 per cent down at Rs 31,520.55 on BSE.