Eicher Motors Q4 results: Automaker extends record high PAT to ₹906 cr, also sees highest ever revenue | Mint
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Business News/ Markets / Stock Markets/  Eicher Motors Q4 results: Automaker extends record high PAT to 906 cr, also sees highest ever revenue
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Eicher Motors Q4 results: Automaker extends record high PAT to ₹906 cr, also sees highest ever revenue

Eicher records fifth consecutive quarter of highest revenues at ₹3,804 crore, and third consecutive quarter of highest Profit after Tax at ₹906 crore in the quarter ending March 31, 2023.

The company declared a final dividend of ₹37 per equity share for shareholders. (Bloomberg)Premium
The company declared a final dividend of 37 per equity share for shareholders. (Bloomberg)

Royal Enfield motorcycle manufacturer, Eicher Motors surpasses expectations in terms of PAT in the fourth quarter of FY23. The automobile giant posted a consolidated PAT of 905.6 crore in Q4FY23, rising by a whopping 48.42% year-on-year. Sequentially, the growth is around 22.24%.

In the quarter, the revenue stood at 3,804.32 crore, registering a growth against 3,193.32 crore in Q4 of the previous fiscal and 3,721 crore in December 2022 quarter.

Also, in the quarter, EBITDA stood at 933.6 crore, while margins were at 24.5%.

During the quarter, Royal Enfield recorded 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 major good news for shareholders by recommending a final dividend of 37 per equity share for the fiscal FY23. Once this dividend is approved in the 41st annual general meeting, it will be paid within 30 days from the date of shareholders’ approval.

In addition, the Board has also approved a cash outlay towards capex of 1,000 crores for Financial Year 2023-24, which also includes the investment towards EV manufacturing facility and product

development and new product development under Internal Combustion Engine portfolio.

On BSE, Eicher's share price closed at 3,407.05 apiece down by 8.45 or 0.25%.

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Published: 11 May 2023, 05:24 PM IST
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