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Eicher Motors reports 50% rise in Q1 consolidated net profit

04 Aug 2023 Evaluate

Eicher Motors has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 57.52% rise in its net profit at Rs 913.88 crore for the quarter under review as compared to Rs 580.17 crore for the same quarter in the previous year. Total income of the company increased by 26.81% at Rs 4236.34 crore for Q1FY24 as compared Rs 3340.75 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 50.38% rise in net profit at Rs 918.34 crore for the first quarter ended June 30, 2023 as compared to Rs 610.66 crore for the same quarter in the previous year. Total income of the company increased by 22.73% at Rs 4229.58 crore for Q1FY24 as compared Rs 3446.12 crore for the corresponding quarter previous year.

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