Eicher Motors up 6% post strong Q4 results

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Key Points

The shares of Eicher Motors were trading nearly 6 per cent high after the firm posted strong number for the quarter ended March 2023...

Royal Enfield motorcycle manufacturer, Eicher Motors surpasses expectations in terms of PAT in the fourth quarter of FY23..

The automobile giant posted a consolidated PAT of 905.6 crore in Q4FY23, rising by a whopping 48.42% year-on-year..

Revenue from operations came in at 3,804.32 crore, rising 19.13 percent over 3,193.32 crore in the year-ago quarter, the Royal Enfield maker said in an exchange filing..

In addition, the Board has also approved a cash outlay towards capex of 1,000 crores for Financial Year 2023-24, which also includes the investment towards EV manufacturing facility and product development and new product development under Internal Combustion Engine portfolio. ..

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