Chennai: Eicher Motors has registered a 18.05 per cent rise in consolidated net profit after tax to Rs 545 crore for March 2019 quarter. The company had reported a net profit after tax (PAT) of Rs 462 crore in the year-ago period.
Total revenue from operations for the quarter stood at Rs 2,500 crore as against Rs 2,528 crore in the same period of 2017-18, Eicher Motors said in a statement.
During the period under review, the maker of niche Royal Enfield bikes sold 1,97,567 units, down 13 per cent from 2,26,907 in the same period last year.
For 2018-19, the company posted a PAT of Rs 2,203 crore as compared to Rs 1,960 crore in 2017-18. Total revenue for 2018-19 was Rs 9,797.06 crore as against Rs 9,219.26 crore in 2017-18.
“The latter half of 2018 was a challenging period for the two-wheeler industry in India with factors such as revision in insurance cost, increase in prices on account of new safety norms, affected consumer sentiment,” MD, Eicher Motors, Siddhartha Lal said in a statement.