Dividend Per Share, Q4 Net Profit Flat At R

Eicher Motors Announces Rs 110 Dividend Per Share Q4 Net Profit Flat At Rs 461 Crore

The company's profit after tax from continuing operations stood at Rs 649 crore for the fourth quarter, up 38 per cent, from Rs 470 crore a year ago.

In Q4FY18, Royal Enfield sold 2,26,907 motorcycles, registering its best ever quarterly sales and posting a growth of 27 per cent over 1,78,345 motorcycles sold in the same period past year.

For the year end FY18, Eicher recorded consolidated earnings of Rs 1,959.70 crore higher by 17.55% compared to Rs 1,667.08 crore in previous fiscal FY17. Its revenue was also highest ever at Rs 2,528 crores for Q4 FY18, a growth of 34 per cent over Q4 FY17.

The company had reported a March-quarter net profit of Rs 462 crore ($68.57 million) after market hours on Wednesday, compared with a profit of Rs 459 crore a year earlier. Company reported net profit of Rs. 1,959.67 crore, up 18 per cent yoy. In addition, Lal added that the company would be investing in the construction of a technology centre in Chennai this year, new product development to meet upcoming regulations and to expand Royal Enfield's portfolio for its global markets.

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The planned capacity for FY 2018-19 is 950,000 units.

During the year under review, the company earned a total income of Rs 9,544.24 crore, up from Rs 8,171.37 crore earned for the year ended on March 31, 2017.

When asked whether Eicher would like to get into other segments again, especially after the failure of its partnership with Polaris, Lal added that at present there are no plans as such and they would rather like to concentrate exclusively on the existing business of motorcycles and the partnership with Volvo in the form of VECV. It stood at Rs 7,033 crore in 2016-17.

Eicher Polaris Pvt Ltd (EPPL)'s Board took the decision in March to shut the company with immediate effect as the business failed to take off after getting incorporated in 2012. That's a dividend of 1,100 per cent.


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