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Eicher Motors zooms on reporting 48% rise in Q4 consolidated net profit
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Eicher Motors is currently trading at Rs. 3618.20, up by 211.15 points or 6.20% from its previous closing of Rs. 3407.05 on the BSE.
The scrip opened at Rs. 3494.00 and has touched a high and low of Rs. 3647.20 and Rs. 3494.00 respectively. So far 101116 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3886.00 on 01-Nov-2022 and a 52 week low of Rs. 2333.15 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 3647.20 and Rs. 3355.00 respectively. The current market cap of the company is Rs. 99433.80 crore.
The promoters holding in the company stood at 49.20%, while Institutions and Non-Institutions held 39.92% and 10.88% respectively.
Eicher Motors has reported 34.96% rise in its net profit at Rs 746.86 crore for fourth quarter ended March 31, 2023 as compared to Rs 553.38 crore for the same quarter in the previous year. Total income of the company increased by 21.95% at Rs 4033.90 crore for Q4FY23 as compared to Rs 3307.96 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 48.42% rise in its net profit at Rs 905.58 crore for fourth quarter ended March 31, 2023 as compared to Rs 610.14 crore for the same quarter in the previous year. Total income of the company increased by 21.09% at Rs 4009.83 crore for Q4FY23 as compared to Rs 3311.34 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 65.34% rise in its net profit at Rs 2622.59 crore as compared to Rs 1586.22 crore for the previous year. Total income of the company increased by 39.04% at Rs 14706.48 crore for year under review as compared to Rs 10577.14 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 73.80% rise in its net profit at Rs 2913.94 crore as compared to Rs 1676.60 crore for the previous year. Total income of the company increased by 40.03% at Rs 15037.29 crore for year under review as compared to Rs 10738.65 crore for year ended March 31, 2022.
