New Delhi: Automaker Eicher Motors has informed exchange houses it's Q1 results.
The un-audited results for the quarter ending June 2018 have been reported on Thursday.
Brokerage house Kotak Securities in a report had expected Eicher to post net profit upwards of Rs 596.6 crore (29.8% up). Net Sales was expected to improve 25.4% y-o-y to upwards of Rs 2509.2 crore.
Profit before tax has been reported at 877.64 crores, while Net profit after tax stands at Rs 591.22 crores. A year ago, unaudited results reported Net profit after tax at Rs 494.33 crores.
Net sales were in line with expectations- Rs 2531.45 crores.
The results announced for the quarter ending June 2018 suggest the following:
1. Total revenue from operations has increased to Rs 2544.91 crores, from Rs 2529.77 (audited) in the corresponding quarter, a year ago.
2. Total Income stands at Rs 2670.9 crores from Rs 2614.61 (corresponding quarter year ago).
The trading window on the stock resumes on August 12. But being a Saturday, investors could buy into the stock only in the next week.
At close of trading hours on Thursday, the Eicher Motors stock was quoting 27484.25 on the Bombay Stock Exchange.