Eicher Motors total commercial vehicle sales in May rise 11.6% YoY to 6,289 units; share price gains
1 min read 01 Jun 2023, 02:15 PM ISTThe total domestic sales of VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors, during the month increased 15.8% to 5,826 units from 5,033, YoY.
PremiumEicher Motors reported total commercial vehicle sales of 6,289 units in the month of May, a rise of 11.6% from 5,637 units in the same month last year.
The total domestic sales of VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors, during the month increased 15.8% to 5,826 units from 5,033, YoY.
However, the company’s total exports registered a sharp decline of 46.9% at 250 units from 471 units in the year-ago period.
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Total Volvo Trucks & Buses sales in May stood at 213 units, a steep growth of 60.2% from 133 units, YoY.
Eicher Motors share price rose marginally after the release of May sales numbers. The stock saw an intraday high of ₹3,732.00 apiece, rising as much as 1.26% on the BSE. It has gained more than 15% this year so far.
Meanwhile, Eicher Motors clocked a consolidated net profit of ₹905.6 crore in the quarter ending March 2023, registering a growth of whopping 48.42% year-on-year.
The revenue in Q4FY32 stood at ₹3,804.32 crore, rising from ₹3,193.32 crore in Q4 of the previous fiscal.
At the operating level, EBITDA stood at ₹933.6 crore, while margins were at 24.5%.
At 2:10 pm, the shares of Eicher Motors were trading 0.76% higher at ₹3,713.25 apiece on the BSE.
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