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10-Aug2018

Eicher Motors surges on reporting 25% rise in Q1 consolidated net profit

Eicher Motors is currently trading at Rs. 28180.00, up by 695.75 points or 2.53% from its previous closing of Rs. 27484.25 on the BSE.

The scrip opened at Rs. 27610.25 and has touched a high and low of Rs. 28518.10 and Rs. 27610.25 respectively. So far 2029 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33483.95 on 08-Sep-2017 and a 52 week low of Rs. 26000.00 on 29-Jan-2018.

Last one week high and low of the scrip stood at Rs. 28,518.10 and Rs. 26,971.00 respectively. The current market cap of the company is Rs. 74939.38 crore.

The promoters holding in the company stood at 50.47%, while Institutions and Non-Institutions held 36.94% and 12.59% respectively.

Eicher Motors has reported a rise of 19.60% in its net profit at Rs 591.22 crore for the quarter ended June 30, 2018 as compared to Rs 494.33 crore for the same quarter in the previous year. Total income of the company increased by 12.05% at Rs 2,670.90 crore for Q1FY19 as compared Rs 2,383.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 25.36% in its net profit at Rs 576.18 crore for the quarter ended June 30, 2018 as compared to Rs 459.62 crore for the same quarter in the previous year. Total income of the company increased by 11.78% at Rs 2,607.36 crore for Q1FY19 as compared Rs 2,332.67 crore for the corresponding quarter previous year.


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