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Eicher Motors posts Rs 518 cr net profit in Q2
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SME Times News Bureau | 14 Nov, 2017
Two-wheeler maker Eicher Motors Ltd on Tuesday said it closed the second
quarter of the current fiscal growing its consolidated net profit to Rs
518 crore.
In a statement issued here, the company said its
consolidated net profit for the quarter ended September 30, 2017 stood
at Rs 518 crore -- up from Rs 413 crore posted for the quarter ended
September 30, 2016.
The company's total revenue for the quarter
ended September 30, 2017 stood at Rs 2,167 crore -- up from Rs 1,755
crore logged for the quarter ended September 30, 2016.
During the
second quarter of the fiscal, the company commenced commercial
production at its third manufacturing facility at Vallam Vadagal, near
Chennai, in August 2017.
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