Shares of Eicher Motors were trading nearly 6 per cent higher after the firm posted strong numbers for the quarter ending March 2023.
The company’s stock was trading with a gain of 6.96 per cent. 3,642.45 on BSE at the time of writing of this copy.
Royal Enfield motorcycle maker, Eicher Motors has surpassed expectations in terms of PAT in the fourth quarter of FY23. Automobile giant posted a consolidated PAT 905.6 crore in Q4FY23, a growth of 48.42% year-on-year. Sequentially, the increase is around 22.24%.
In the quarter, revenue stood at 3,804.32 crore, registering an increase against 3,193.32 crore in the fourth quarter of the previous fiscal.
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