Friday 8 November 2013

Eicher Motors speeds drive on reporting 63% rise in Q3 consolidated net profit

Eicher Motors is currently trading at Rs. 4169.30, up by 157.50 points or 3.93 % from its previous closing of Rs. 4011.80 on the BSE.

The scrip opened at Rs. 4122.00 and has touched a high and low of Rs. 4249.00 and Rs. 4122.00 respectively. So far 3390 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4249.00 on 08-Nov-2013 and a 52 week low of Rs. 2280.05 on 12-Nov-2012.

Last one week high and low of the scrip stood at Rs. 4066.00 and Rs. 3863.90 respectively. The current market cap of the company is Rs. 11235.74 crore.

The promoters holding in the company stood at 55.18% while Institutions and Non-Institutions held 25.11% and 19.71% respectively.

Eicher Motors has reported 87.41% rise in its net profit at Rs 61.79 crore for  third quarter ended September 30, 2013 as compared to Rs 32.97 crore for the same quarter in the previous year. Total income of the company has increased by 64.69% at Rs 461.09 crore for quarter under review as compared to Rs 279.97 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a growth of 62.75% in net profit at Rs 107.43 crore as compared to Rs 66.01 crore in the same quarter previous year. Total income of the group rose 16.16% to Rs 1751.33 crore for quarter under review as against Rs 1507.71 crore in corresponding quarter previous year.

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