Eicher Motors Q1 profit rises 42% to Rs 139 crore

Eicher Motors Ltd today posted a 42% increase in consolidated net profit to Rs 139.12 crore in the first quarter ended March 31.

The company had posted a profit of Rs 97.94 crore in the same period of 2012-13.

Net sales rose to Rs 1,899.91 crore from Rs 1,708.60 crore a year earlier, Eicher Motors said in a BSE filing. The company follows a January-December financial year.

Eicher Motors manufactures and markets Royal Enfield motorcycles. It also has a venture with the Volvo group that designs, manufactures and sells commercial vehicles.

Eicher shares traded at Rs 6,635 on the BSE in late afternoon trade, up 2.19%.