Eicher Motors Q4 Results: Net profit rises 18% YoY to ₹1,070 crore; announces dividend of ₹51 per share

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₹1,070.45 crore for the fourth quarter of FY24, recording an 18.2% rise from ₹905.58 crore in the year-ago quarter. The company’s total revenue from operations in Q4FY24 increased 11.87% to ₹4,256.04 crore from ₹3,804.32 crore, on a year-on-year (YoY) basis.

At the operating level, Eicher Motors posted Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) growth of 20.88% at ₹1,129 crore in the March quarter as compared to ₹934 crore in the corresponding quarter of the previous financial year. Also Read: Tata Motors Results 2024 Updates: Net profit rises 222% YoY to ₹17,407 crore, declares dividend of ₹6 per share During the quarter, Royal Enfield recorded sales of 227,925 motorcycles, up by 6.17% from 214,685 motorcycles sold during the same period in FY23.

For the full year FY24, Royal Enfield registered motorcycle sales at 9,12,732 (standalone), up by 9% from 834,895 (standalone) in FY23. VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, reported net profit of ₹823 crore in FY24, up 42.06% from ₹579 crores last year, while its revenue from operations grew 15.38% to ₹21,868 crore from the previous year’s revenue of ₹18,952 crore.

EBITDA for FY24 was at ₹1,715 crore, 25.27% higher than ₹1,369 crore in the last year. VECV recorded sales of 85,560 vehicles for FY 2023-24, marking a growth of 7.46% over 79,623 vehicles in FY 2022-23.

Also Read: Bank of Baroda Q4 results: Net profit rises 2.3% YoY to ₹4,886.5 crore; declares dividend of ₹7.6 per share The board of directors of Eicher Motors recommended a final dividend of ₹51 per equity share of face value of Re 1 each for the financial year ended March 31, 2024, subject to the approval of the shareholders. The final