Eicher Motor

The company posted a very good set of numbers for Q4FY16 and FY16. Total income for the quarter rose 47% (YoY) at Rs.3765 crore. EBIT was up by a whopping 84% at Rs.531 crore and margins jumped up from 11.3% to 14.1%. Net profit for the quarter was up 71% at Rs.334 crore.

In 2015-16, Eicher Motors Limited has changed its financial reporting period from calendar year to financial year. For the 15 month period ending March 2016 at a consolidated level, Eicher Motors reported total income from operations at Rs. 15,689 crore, operating profit (EBIT) Rs. 1,996 crore. EBIT was at 12.7%, Net Profit for the year came in at Rs.1278 crore.

Its Royal Enfield business, posted its best ever performance in Q4FY16. In this quarter, Royal Enfield sold 148,185 motorcycles, registering its best ever quarterly sales and posting a growth of 60% over 92,845 motorcycles sold in the same period last year.

As of April 1st 2016, Eicher Motors became a part of the Nifty 50 Index.