Eicher Motors Q3 net profit down 0.10% at Rs 488.46 cr
The company reported standalone net profit of Rs 488.46 crore for the quarter ended December 31, 2020 as compared to Rs 488.94 crore in the same period last year, registering a year-on-year decline of 0.10 per cent. Net revenue of the company rose moderately by 18.83 per cent at Rs 2,787.12 crore in October-December quarter of this fiscal as against Rs 2,345.54 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 21.36 per cent to Rs 2,146.09 crore from Rs 1,768.32 crore in year ago period. Other Income dipped by 8.65 per cent at Rs 124.08 crore versus (Dec'19 Rs 135.83 crore).
Operating Profit surged by 10.55 per cent to Rs 658.03 crore as against Rs 595.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.97 per cent in December quarter. Interest declined by 19.49 per cent y-o-y to Rs 2.19 crore, while Taxation increased by 16.83 per cent at Rs 169.58 crore (Dec'19 Rs 145.15 crore).
