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 last financial year and 3,721 crore in the December 2022 quarter.
In addition, EBITDA in the quarter stood at 933.6 crore, while the margin was 24.5%.
During the quarter, Royal Enfield registered sales of 214,685 motorcycles, up 17.9% from 182,125 motorcycles sold during the same period in FY 2021-22.
In a meeting held on Thursday, the company’s board members announced great news for shareholders by recommending a final dividend. 37 per equity share for FY23. Once this dividend is approved in the 41st Annual General Meeting, it will be paid to the shareholders within 30 days from the date of approval.
In addition, the board has also approved cash outlay for capex. 1,000 crore for FY 2023-24, which also includes investment for EV manufacturing facility and product
Growth and new product development under the internal combustion engine portfolio.
Eicher share price on BSE down Rs 3,407.05 per share 8.45 or 0.25%.
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