Eicher Motors hits new summit on strong Q1 show, stock up 51% in 5 months

The company's net profit soared 157.5 per cent YoY to Rs 610.66 crore in Q1FY23, while total income surged 64.4 per cent to Rs 3,446.12 crore.

Eicher Motors jumped 3.3 per cent and recorded a new life-time high at Rs 3,260.85 on the BSE in Thursday's intra-day trade after the company reported a strong set of earnings for the June quarter.
 

The company's Q1FY23 net profit soared 157.5 per cent to Rs 610.66 crore for the quarter ended June 2022 when compared with Rs 237.13 crore in the corresponding quarter a year ago. Total income grew 64.4 per cent YoY (year-on-year) to Rs 3,446.12 crore.

At 10:31 AM, the stock was up 2.4 per cent at Rs 3,230 with trades of around 34,000 shares on the