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Eicher Motors makes March quarter profit, shares climb

Eicher Motors makes March quarter profit, shares climb
PTI
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First Published: Wed, May 27 2009. 02 33 PM IST
Updated: Wed, May 27 2009. 02 33 PM IST
Mumbai: Eicher Motors on Wednesday said its net profit for the quarter ended 31 March 2009 stood at Rs6.16 crore, while it had a net profit of Rs19.46 crore in the corresponding period previous fiscal.
The commercial vehicles business of the company was transferred on a ‘going concern’ basis to VE Commercial Vehicles Ltd (subsidiary of the company) with effect from 1 July 2008. Hence, the current quarter figures are not comparable with the figures of corresponding previous quarter, Eicher Motors said in a filing to the Bombay Stock Exchange.
Total income from operations stood at Rs 89.84 crore for the quarter under review. However, it had a total income from operations at Rs659.42 crore for the corresponding previous quarter.
Shares of Eicher Motors were trading at Rs290.25, up 2.44% on the BSE.
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First Published: Wed, May 27 2009. 02 33 PM IST