Eicher Motors income up 6%, to pay 50%

Eicher Motors income up 6%, to pay 50%
PTI
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First Published: Mon, Apr 28 2008. 11 46 PM IST
Updated: Mon, Apr 28 2008. 11 46 PM IST
New Delhi: Commercial vehicle maker Eicher Motors Ltd reported on Monday a 6.76% fall in profit after tax (PAT) at Rs19.46 crore for the March quarter, against Rs20.87 crore a year ago.
Income for the quarter rose 5.89% at Rs662.93 crore against Rs626.07 crore a year ago, the company said in a statement.
Its PAT for the fiscal year ended on 31 March increased 2.92% to Rs63.05 crore, from Rs61.26 crore in the previous fiscal year. Eicher’s income rose 12.77% during the fiscal year to Rs2,231.84 crore from Rs1,979.17 crore last fiscal.
“This year we have recorded the highest sales in our company’s history. For us, it has been a year of steady progress amid strong economic challenges faced by the industry,” the company’s managing director and chief operating officer Siddhartha Lal said.
The board has recommended a 50% dividend, subject to shareholder approval.
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First Published: Mon, Apr 28 2008. 11 46 PM IST
More Topics: Eicher | Commercial Vehicles | Profits | PAT | Dividend |