Eicher Motors Revs Up Profits with 5% YoY Growth in Q4 FY23

Eicher

Eicher Motors, the leading motorcycle manufacturer, has announced impressive financial results for the quarter ended March FY23. The company recorded a remarkable 48.5% year-on-year growth in consolidated profit at Rs 905.6 crore, driven by better topline and operating performance.

Revenue from operations in Q4 also saw a significant increase of 19.1%, reaching Rs 3,804.3 crore compared to the same period last year. These results are a testament to Eicher Motors’ unwavering commitment to providing top-quality products and services.

In recognition of its exceptional performance, Eicher Motors’ board has recommended a final dividend of Rs 37 per share, further boosting investor confidence in the company’s capabilities. Additionally, the board has approved a cash outlay towards capex of more than Rs 1,000 crore for FY24, ensuring that Eicher Motors remains at the forefront of innovation in the industry.

Eicher Motors’ continued growth and success is a testament to the company’s commitment to excellence and the tireless efforts of its team of professionals. The company’s impressive performance is sure to inspire confidence in the Indian manufacturing sector and drive growth in the industry.