Eicher Motors Q4 Results: Eicher Motors, known for its commercial vehicles and Royal Enfield motorcycles, disclosed a consolidated net profit of ₹1,070.45 crore for the fourth quarter of FY24, marking an 18.2% increase from ₹905.58 cr in the same quarter before year.
In Q4FY24, the company’s total revenue from operations saw a year-on-year (YoY) growth of 11.87%, rising to ₹4,256.04 crore from ₹3,804.32 crore.
On the operational front, Eicher Motors witnessed a 20.88% growth in Earnings Before Interest Tax Depreciation and Amortisation (EBITDA), reaching ₹1,129 crore in the March quarter compared to ₹934 crore within the same time frame of the preceding fiscal year. -Eicher Motors Q4 Results
During the quarter, Royal Enfield achieved sales of 227,925 motorcycles, marking a 6.17% increase from the 214,685 motorcycles sold during the same period in FY23. For the full fiscal year FY24, Royal Enfield reported standalone motorcycle sales of 912,732, representing a 9% rise from 834,895 in FY23.
VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, posted a net profit of ₹823 crore in FY24, surging by 42.06% from ₹579 crores in the previous year. Its revenue from operations also saw a growth of 15.38%, reaching ₹21,868 crore compared to ₹18,952 crore in the preceding year. EBITDA for FY24 stood at ₹1,715 crore, marking a 25.27% increase from ₹1,369 crore in the prior year.
Compared to the 79,623 vehicles sold in FY 2022–2023—a rise of 7.46%—VECV recorded sales of 85,560 vehicles for FY 2023–2024.
Eicher Motors’ Dividend
The board of directors of Eicher Motors proposed a final dividend of ₹51 per equity share with a face value of Re 1 each for the financial year concluding on March 31, 2024, pending approval from the shareholders.
This final dividend amounts to ₹1,396.41 crore (equivalent to 34.9% of the Profit After Tax) for the fiscal year ending on March 31, 2024. According to the company, this dividend per share sets a new record for Eicher Motors, marking a 37BSE1% increase over the dividend per share for FY 2023.
Also Read: Vedanta
On Friday, the share price of Eicher Motors closed 1.98% higher at ₹4,657.65 per share on the BSE.
Disclaimer: Stockeasynow provides stock market news for informational purposes only and should not be construed as investment advice. Readers are strongly encouraged to consult with a qualified financial advisor before making any investment decisions.
