Eicher Motors reports 34.4% rise in Q3 net profit

Eicher Motors released its Q3 results today, the company’s net profit soared by 34.4% to ₹996 crore, up from ₹740.8 crore during the same period last year.

Revenue also witnessed a notable rise, jumping by 12.3% to ₹4179 crore compared to ₹3721 crore year-on-year.

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Moreover, the company’s EBITDA, which measures its operating profitability, increased by 27.2% to ₹1090.4 crore, compared to ₹857.2 crore in the corresponding period last year. The margin, representing the proportion of revenue that translates into profit, stood at 26.1%, showing improvement from 23% in the previous year.