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Eicher Motors Ltd 3QFY01 net up 182% YoY - Views on News from Equitymaster
 
 
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  • Jul 29, 2000

    Eicher Motors Ltd 3QFY01 net up 182% YoY

    Eicher Motors has reported a net profit of Rs 12.4 m for 3QFY01, a growth of 182% YoY. The company's sales have grown by 45% YoY to Rs 847m.

    (Rs m) 3QFY00 3QFY01 Change
    Sales 584 847 45.0%
    Other Income 1 2 100.0%
    Expenditure 556 810 45.7%
    Operating Profit (EBDIT) 28 36 30.9%
    Operating Profit Margin (%) 4.8% 4.3%  
    Interest 12 10 -21.1%
    Depreciation 12 15 32.2%
    Profit before Tax 5 14 170.0%
    Other Adjustments - -  
    Tax 1 1 83.3%
    Profit after Tax/(Loss) 4 12 181.8%
    Net profit margin (%) 0.8% 1.5%  

    The company is the third largest manufacturer of light commercial vehicles and has reported a market share of 12% for FY2000. In the current year, light commercial vehicles industry has not been doing well and companies like Telco and M&M have reported a decline in their volumes. However Eicher Motors has bucked the trend and reported a 35% growth in volumes to 1,581 vehicles in the 1QFY01.

    This has been brought about by aggressive maketing campaigns by the company.

     

     

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