Cost cuts help Eicher post Rs 14cr Q2 net

Eicher Motors today reported a net profit of Rs 14.18 crore for the quarter ended September 2006 as compared to a net loss of Rs 7.61 crore in Q2FY06.

According to a Eicher Motors release, the company's total income for the quarter grew by 29.16% at Rs 463.72 crore as against Rs 359.02 in Q2FY06.

"Our ability to effectively reduce material costs and contain inflation has increased our revenue to expenditure ratio significantly," Siddhatha Lal, CEO and MD of Eicher Motors said.